Investing in Rental Property with a family loan!

[Preeti Sampath]

Hey everyone! I am new to this website but I have been reading up on the books and these forums for my first rental property investment! I live in the amazing city of Denver but also an expensive city :/ So I have a few different questions and any insight is greatly appreciated.

1. Potentially I am looking for a 3 bedroom property under $350,000. These are really hard to come by in good neighborhoods and when they do, they're gone so quick. Any ideas for looking for 3 bedroom properties in an expensive market like this? 

2. I am planning to buy the property in cash with a loan from my family. The 20% aka down payment will not be a loan. So technically $280,000 would be a loan. But I wanted to ask if after buying the property and getting it rented, I can look for a local lender to finance my $280,000 loan so I can repay my family back. Would there be any problems with this? What kind of potential issues shall I be looking into? 

3. Lastly, I know that buying with cash makes you more attractive to the seller. Do you think this can offer an advantage and I could potentially make a lower offer than the ones with a traditional or FHA loan?

Background: 

I already own my primary residence and have a mortgage on it. My husband is not on the mortgage so I would use him to get a local lender to my family back. 

Thanks in advance. 

Preeti