I've played in the auctions.Mike

These came into play significantly when crunching numbers.

(I'm very fortunate)At this point, my lender told me I'll need ~80k for conventional financing, (50k for downpayment and 30k to fund the violations repairs upfront), or go with his 203k loan (which will take longer the 30 days that the bank allowed us to get approved) I'm not sure whether to believe him or not, since he mislead me from the beginning.Neither scenario is ideal, my original plan was to purchase the property and fund the repairs over a year-two years time, while I live there.Some of the violations are TLC and easy fixes, other like the deck might require full replacements (I've been quoted 15k)WHAT WOULD YOU PRO's DO?

Neither is ideal.

Ideally I would like to keep all 3 units and maybe rent 1 unit monthly and VRBO the other 2.

To make matters worse, a friend of mine likes to annoy me with bird puns all day, but I soon realized that toucan play that game.

In this case, I'd would personally be inclined to keep the home as a long-term play.

Ideally get a lease signed prior to current tenants leaving, and get the lease signed with an open commencement date.

Generally, when my analysis includes seller is "dead set on his price" and "I'm having a hard time getting the numbers to work,"  I'm moving on.The only way to make deals like this work is if you play with terms. 

May be a negative question but I’m curious how this plays out.