Best way to structure this deal..?

[Nick Monge]

I'm pretty new to real estate investing.. Currently own two SFH. However, I'm trying to get into my first multi family property. I have a deal and I'm sort of lost on how to structure the purchase. Here's the info:

It's a duplex, each unit is a 2/1.

Listed at $65,000. It needs $12,000 in work (confirmed with a local GC). Seller is aware of work needed and negotiable..

I ran the purchase calculator on BP and input these numbers:

Purchase price: $45,000

Purchase closing costs: $3,000

Repair Costs: $12,000

Down payment: $9,000

Points: $360

Cash needed up front for purchase: $24,360 (Closing costs, repairs, down payment, points)..

**My question**

I want to know the best way to purchase this property with as little cash out of my own pocket as possible.. I do have funds available to cover the cost but I want to distribute my funds into other deals also.. I do have family interested and able to invest with me.. Cash flow on the property is looking like it'll be $535/month (really good!!).. If I have somebody bring 10-20k.. Perhaps all of the upfront costs into the deal how would you make the deal good for them? Of course I can split cash-flow in a number of ways.. Are there any other options? Am I missing anything.. Or is splitting cash my only option? (I'm totally fine splitting the cash flow by the way, I'd gladly give a majority of the cash flow to my partner..) Just making sure that's the only option to consider..

Please advise or give some input on different ways to structure deals like this.. I was considering doing some upgrades and BRRRR(ing) it but it's currently livable and both units have long term tenants in them..

Thank you in advance!!!