Creative financing advice needed!

[Forest Rainwater]

I need some advice! I was looking at two short term rentals with decent return. I have chosen which one to purchase, however I would like to at least offer a creative deal to the other. My understanding is that they have a mortgage on the property for $50,000 less than I'm willing to pay. I wouldn't be left with a ton of cash after closing the other property. What would you do? I don't have much knowledge in this area.

Property costs: $440,000

Property will generate roughly $26,000 a year

Any advice is appreciated!