How to Pay for a Ready to Rent Duplex in Atlanta Metro Area

[Jamal Tyree]

I have a deal on the table for duplex (actully 2 condos) at 850 sq/ft each or 1,700 sq/ft total. Currently being renovated on one side and rented on the other.  Current rent is $920 per month but the area will support $1,200 no problem.  Roof, HVAC are less than 3 years.  New floors, appliances and updated bathroom to be completed in the next week.  

Seller is asking $325K minimum.  Neighboring property same size (cluster of these condos in duplex or triplex form) is selling for $223K but needs roof, HVAC and updates.  

How do I evaluate this property?  And most importantly how do I pay for it without putting down 20%?  I would like to save that money for incidentals and the next acquisition.  I can put down as much as 5%.   Are there any lenders in the metro atlanta area I should reach out to for assistance?  Thank you all.

JT