It is a combination of not being able to purchase cheap enough, low LTV loans on refis, and conservative refi appraisals. 

We funded it through a combination of cash, private lender capital, and bank financing.

A long story short I have about 8k [skin in game] and I’m looking to purchase in the Scottsdale AZ market, with private funds, combined with owner finance if possible.The reason I’m pursuing this route is to execute my 1031 exchange flawlessly, and I believe private money, and owner finance will make this a swift transaction.

Long story short, the lease signed between the former landlord and tenant states that there should be a washer and dryer in the home which there is not.

They were a blessing that saved the project and they continue to be what I think about to cheer myself up when I'm blue.My remodel investment was as follows:Property: purchase price + interest, taxes, escrow, whatever = $25,910Other Carrying costs: water = $241Demo & Hauling: $580 (Craigslist Find)Water Main and Hookup: $1,890Septic and Leech field: $4,250Concrete, Framing & Roof: $17,406DIY Exterior Paint: $470Plumbing: $5,953DIY Solar System & Batteries: $14,181Electric Wiring & Lighting: $880 (Husband is an electrician)Mini-split Heat Pump $2,000Insulation, Drywall, Primer: Plus "shiplap" style wall to cover fed up drywall - $4,489Floors: $3,327Interior Paint & Trim: $520Tile: $5,129Kitchen cabinets, shelves, countertop, sink, etc: $2,483Appliances: (range, hood, fridge, dishwasher, washer & dryer) $1,679Bathroom: (bath, shower, vanity, trim, etc) $1,448Fence and Patio Cover: $3,900"Landscaping": (gravel, shower, tiles, lights, etc) $1,048Furnishing: $1,518Housewares & Decorating: (many from my house as we were moving) $150It took over a year to finish since I ignored it the first 6 months and could only do the occasional weekends once I got started. 

They were a blessing that saved the project and they continue to be what I think about to cheer myself up when I'm blue.My remodel investment was as follows:Property: purchase price + interest, taxes, escrow, whatever = $25,910Other Carrying costs: water = $241Demo & Hauling: $580 (Craigslist Find)Water Main and Hookup: $1,890Septic and Leech field: $4,250Concrete, Framing & Roof: $17,406DIY Exterior Paint: $470Plumbing: $5,953DIY Solar System & Batteries: $14,181Electric Wiring & Lighting: $880 (Husband is an electrician)Mini-split Heat Pump $2,000Insulation, Drywall, Primer: Plus "shiplap" style wall to cover fed up drywall - $4,489Floors: $3,327Interior Paint & Trim: $520Tile: $5,129Kitchen cabinets, shelves, countertop, sink, etc: $2,483Appliances: (range, hood, fridge, dishwasher, washer & dryer) $1,679Bathroom: (bath, shower, vanity, trim, etc) $1,448Fence and Patio Cover: $3,900"Landscaping": (gravel, shower, tiles, lights, etc) $1,048Furnishing: $1,518Housewares & Decorating: (many from my house as we were moving) $150It took over a year to finish since I ignored it the first 6 months and could only do the occasional weekends once I got started. 

That combined with her income would have held off foreclosure for long enough for him to get work. 

It would be hard for a traditional lender to justify a loan that high in the area if it was combined as one.....

Then it was her and ex-husband (interesting situation).

It will have new kitchen, new bathrooms and flooring with washer/dryer in the unit.