How to find the right partner / lender?

[Ray B.]

I'm new to BiggerPockets so please let me know if I am post in the wrong space. This site is still new and confusing to me.

I currently have an off market deal for a multi unit in an A+ neighborhood. This is a retired friend of mine looking to get out of the landlord game. I plan to buy and hold like I do with all my homes. Being such a desirable home it is expensive for me, 550,000 about. I have a local lender who will finance with 10% down and my buddy the seller will contribute 3% towered closing costs.

a few questions:
-Is there such thing as a "Down Payment Loan?" I have over $40,000, but it looks like it will not be enough.
-Is there such thing as a short term partnerships? I would be interested in talking to people about buying in for a 6 month - year. Similar to the "Down Payment Loan" idea I have. Again the first time hearing about this I have not heard about partnerships till BiggerPockets. I have no idea how they work.
-Should I be think of different ways to fund this deal?


Thanks for your knowledge and experience,
Ray