My question is what type of loan could I secure that would cover the purchase price, reno and business expenses for inventory and supplies to get the business up and running?

Back in July, nearly 10k people missed their mortgage payments, now that has certainly compounded over the months and will result in a large influx of supply to meet the ever increasing demand.

The Covid market really turned into just hyper supply and demand.

I did some of the work to fix it but mainly outsourced it and bought all of the supplies for the flip.

Hopefully there is a decent supply of small MF where you are looking?

This is reflected in the months' supply (how long it would take to sell today's inventory at the current sales pace) of existing homes for sale, which is now only 2.3 months, also the lowest reading on record back to 1999.

I’m looking in Athens, GA. where supply is very limited.

These investments benefit not only the taxpayers making the like-kind exchanges, but also GENERATE JOBS and taxable revenue for unrelated businesses upstream and downstream from the exchange transaction, such as real estate brokers, title and property insurers, escrow / settlement agents, lenders, appraisers, surveyors, attorneys, inspectors, contractors, building supply vendors and more...Eliminating or limiting like-kind exchanges in the best of times would have a negative economic impact, increasing the cost of capital, slowing the rate of investment, increasing asset holding periods, and reducing real estate transactional activity.

Demand increased and supply shrunk by August which made prices creep above asking.

If supply is up and demand is down that should impact the market significantly.