Challenging 3 opions to present to Private Lender/equity partner

[Cody Dover]

My partner and I are seeking out a creative way to offer a 3rd partner we are trying to bring on board for these 2 rentals. We need to come up with about $20k total for closing cost and down payment combined to get in these two cash flowing properties.

Originally it would have just been my partner and I, but couldn't come up with $20k right away. So we searched for help with the cost associated up front. Trying to decide 3 options to give him that would include him on the equity interest of the rentals as well. At this point while running the numbers on these two properties, no way does he just want to be the "bank" for $20k when he can earn a 1/3 of the cash flow and equitable interest.

So bp community, I could use a little coaching here. Trying to come up with a sophisticated menu of options considering we are cash strapped and can only pitch in about 20-30% of the total cost. What option would be a viable one?