Creative financing help.

[Ryan Shannon]

I have a deal to purchase a great property in a great area for 150K.  The issue is there isn't room for much value add, maybe 20-30K under market value, also the seller plans to do a 1031.  I will have 20% to put down to purchase in about a week, but don't want to use all my cash effectively halting my purchasing power until I can save more cash. I am looking for a creative solution to acquire the property with as little cash out of pocket as possible?  I have spoken with the king of 1031 Dave Foster and he is currently on the case, but wanted to get other ideas as well.

Few ideas I have come up with are:

1. Rental arbitrage

2. Lease option for 12 months

3. Seller financing anyway possible allowing them to 1031. I even considered using my own 30K as the 20% down, then have them "pay me back" after the 1031 is complete. Not even sure if that is a thing.

@Dave Foster