I would suggest spending about a year or so on BP as well as listening to podcasts / reading books on everything ranging from financing to taxes.

How did you finance this deal?

How did you finance this deal?

@Winston Eastman let's try to objectively (and Logically) look at this.TURNKEYPros: 1) Everything should be done, so no major repairs for near future2) Can finance everything in one purchase loan3) Can also buy with tenant in placeCons:1) Usually paying market price2) Trusting that repairs were all done and done well, otherwise potential money pit3) Any tenant in place may be misrepresented to make the saleOWN REHABPros: 1) If done well, may have instant/forced equity2) You will know exactly what repairs done and how well they were done3) Can place your own tenant to your qualificationsCons:1) Rehab loans are expensive2) Can run into rehab surprises affecting budget (watch any HGTV flip show!)

How did you finance this deal?

Hand-in-hand with number 3, you get to leverage favorable financing terms by putting a very small amount of money down (compared to non-owner occupied financing) which in turn makes your investment pretty small, but potential return on that investment very large by percentage.

Also, exploring the option of joint venture financing for a commercial project.

Owner is willing to assist with financing property is free and clear.

With interest rates being so high and hard money being so expensive, I am having a hard time figuring out how I can make this happen.Are there any ideas for how I can finance the down payment and rehab for this property? 

What kind of financing will you be using?