Hard money or ask for seller financing?

[Johnnie Bembry]

Hey everyone!

I'm currently looking at an out of state multi-family package that includes 3 triplexes and 1 duplex for a total of 11 units. The asking price is $327.6K for the entire package with a "little wiggle room to negotiate". Currently, all 11 units are rented out bringing in $4,650 before expenses and cash flowing at $2,050 after expenses (according to my calculations). The seller is also updating things like paint, gutters, and hot water heaters to name a few things. I don't have much money ($5K) but I think I can get more money from family just not enough for a $65,520 (20%) down payment. I have pretty good credit 780 and no debt other than my primary house and car.

My question is should I seek a hard money lender or ask for seller financing? If the answer is hard money lender, is it just about applying to various hard money lenders until I get a yes? If the answer is ask for seller financing, how would I go about asking if the seller is interested in seller financing? I seen the property on Realtor.com and reached out to a realtor for more info so we're in the very beginning of all this. Any advice or tips are greatly appreciated. If I'm over my head I'd like to hear that too. Thanks!