Each state in the USA can be different.I was hosting a lunch yesterday in London (high-end Chinese meal high above London's skyline).

Good economic prospects, decent rent to buy ratio (notwithstanding the current housing bubble that has put a bit of a squeeze on traditional leases), and most importantly, properties available for low, low prices.

Traditional financing, hard money?  

Is there another creative solution to funding the rebab portion of this REO deal using money we already have in 401k, traditional and Roth IRA?

I have previously worked close with chinese's been partner on developing detox retreats for the their market.

Leverage other people’s money at a low interest rate without actually borrowing their money so they can continue to earn a high interest rate on it in the stock marketI’m doing an LMA for the down payment and traditional 30-year fixed mortgage for the rest.

Significantly more to the point that if he had gone with a traditional realtor, he would have come out on the winning end of the deal.  

Traditional mortgage How did you add value to the deal?

The new one's are pretty cheap and let you put all your properties into separate liability compartments which really supplement the insurance a lot more cost effectively than having a bunch of separate LLC's. https://www.biggerpockets.com/blog/the-traditional-llc-vs-the-series-llc-which-is-better-for-real-estate-investors/

In your situation, I might recommend looking at a non-traditional financing option for short-term acquisition & rehab, then get the property leased up and do a cash-out refi for a 30-year fixed option.