Multifamily and STR Deal Structure

[Andrew Chamberlain]

Six cottages and one 3 bedroom home across the street from the ocean in beautiful Washington State for $1.4M. I am working directly with the owner who is flexible on the terms.  I am looking for suggestions on creative ways to structure the deal that would protect the owner and myself.    I was thinking partial cash down at contract and pay the balance after the rehabs are complete with cash out refinance or something similar? Suggestions appreciated