Value add multi family

[Mitchell Conyers]

I am a new investor in the Tampa Bay Area..I purchased my first rental property last year, and am currently rehabbing my first fix and flip . As of right now I only have enough capital to do a flip or two at a time. But I've found a large multi family that seems like such a great deal that I am looking for a way to make it work. It's six duplexes on one lot. All units are 2/1 and tenant occupied. Net operating income is 90300, net operating expenses are at 22000. Seller is asking 778k. So just above current value based on cap rate, income, etc. Current rents are 625 per unit which is very low for the area. I own a rental in the same neighborhood. Units like this rent for 750-850 easily. The properties do not look to be in bad shape, the grounds are well maintained. A rent increase to 750 per month should bring the value to 988k. The way I see it if I can just find an investor for the down payment I can easily refinance their money back out once I add that value, and pay them back with interest. So far though I haven't been able to find anyone. Any help as far as if this is a deal I should continue to pursue, and any tips on how to find a way to finance it would be greatly appreciated. Thanks for any help or input.