Best way to finance, SFH, original owner needs to rent back.

[Deanna McCormick]

I have the opportunity to buy a SFH next to a property the trust I manage, for my family owns.

Purchase price is 325K

The trust I manage has 200K cash available and is approved for a 175K interest only loan at 4.75%.

Owning this property would give a benefit to the trust property which is rental.

The owner (seller) is elderly wants to stay in home until he passes, his son has lived with him the past 8 years and wants to remain in the home for about 2 years, he would rent out the basement and I could rent out the upper main floor. I don't think the seller would incur capitol gains he purchased for 93K and has lived in home for 20 years, and had 20K recent new roof, siding completed so would be under 250K profit on sale. The owners other family members want their cash out of the estate when their dad dies,the remaining son just wants to stay and eventually get his share out of the sale. I have extended family that would rent out the main floor of the house.

I want the property.  What would be the best way to present a way to purchase this. No Realtor is involved they are having a appraisal done.