Seller Financing @ Five Unit Property

[Pete Franetovich]

I'm looking at a four unit property, each unit is 1 BR. The seller is interested in some seller financing (balloon payments actually) as a way to delay their taxes. Seller will accept 20% down payment at closing, 20% due in Feb 2020, 30% due in Feb 2021 and 30% due in Feb 2022. My questions are:

1) Will I find a lender that will loan the initial 20% down payment, thus allowing me to purchase for no money down? I have the 20% down payment, but I would like to put no money (little money) into it for now and refi 11 months from now. 

2) Or are there better ways to structure the capital stack with this property? 

3) Also, I recognize that by waiting 11 months to finance the property I have the risk of interest rates going up. Do you see additional risks by waiting 11 months to finance the property?

Thank you.