Buying a multi family but the cap is super low

[Sean Hayes]

Hello All,

Im looking into purchasing a multi family property in one of the best school districts in Georgia. The seller want an absurd price and I am trying to figure out a way to somehow make it a win win. 

They are asking $1.8 million for 14 units but current gross rent is about 120k a year. 

I know these numbers won't work with any sort of mortgage but I'm looking for a creative way to purchase the deal in order to raise the current rents to fair market rent which would bring in around  193,200 gross on the low end. 

Ive tried running numbers every way I can think of for some sort of owner financing term but can't seem to come up with a way where it would work for both the seller and me. 

Any ideas are greatly appreciated.