Funding Deal for Newbie

[Robert Leonard]

Hi all,

I am a relatively new real estate investor - I have some experience, but it is rather limited. However, I recently came across a deal that I would like to pursue, but I do not have the capital available needed to. The property appears to be in good condition and doesn't need rehabbing, which means hard money likely isn't the best option. However, conventional financing requires 20% down (about $41k in this case). What is the best way to fund the down payment for the conventional financing? Or, is there a better way to finance the whole deal? (Seller financing is not an option). 

It is a two unit property for $200k that is fully rented on one year leases at $1,300/month per unit. My calculations show a cash flow of  about $700 per month ($350 per unit), assuming a 30-year term on a conventional loan with 20% down and a 5% interest rate. It is also in an area I am very familiar with.

Appreciate the input and information!

Robert Leonard