What would you do? Scenario, Financing

[Account Closed]

Hi BP members,

Scenario:

You have excellent credit, own a home (very little equity due to large Down Payment, Mortg. Low), Not much in savings, maybe 7k and you see a 6 plex fully occupied for sale at 409k (under value for the area). Rental income about 950 per unit.

As with most investment properties you need 20-25% down.

See the dillema?

How would you approach this?