Big start here for a beginning investor, help!

[Japheth McGhee]

I currently live in Homer, Alaska and there is this 6-plex/detached for sale at 3771 W Hill Rd, Homer, Ak 99603. Its listing price is 795,000 currently, and has been on the market for 271 days. Would it be foolish to contact the owner to consider seller finance? I don't have the cash to put as a down payment to refinance, so that wouldn't work, unless there was another way I don't know of. Ive plugged in all the numbers, including property taxes annually, home insurance, and my rent income from it all would be around $6500-7000 per month and so it works as a cash flowing rental. How would I be able to acquire such a property? 

[Nick Rutkowski]

@Japheth McGhee

Welcome to BP, have you looked into

a master lease? If it’s a commercial building you can lease the whole property then rent out the spaces yourself. It would still cost you money but not as much as a DP.

Maybe after you do it for a couple of years you can buy the property from the seller. I’d shoot for 3-5 year with an option to buy year 3.

Also, don’t give out the address so fast, others might be interested in your deal too. Good luck brother!