Coworker house purchase into him renting

[Tyler Jorgensen]

Good afternoon BP crew. I have a coworker who will be moving next year. He is moving across the country and thought it would be nice to be able to sell the house and rent it out while he looks for a place where he is going while also recouping his VA entitlement. I think that would be a fantastic opportunity for me to buy a house from him when I know he's taken great care of the house in a B+ area and a B house.

I've only got $2000 in my down payment savings currently so I want to dig deep into creative financing I could work with him on. He still owes about 100k on the house with a probable 80k equity. I'd really like to take advantage of the situation but I'm so new to the scene I need help finding the creative avenues to be able to help him while also getting a rental under my belt.