Conventional, DSCR or Creative Finance, what would you do??

[Jim Given]

Hello BP folks! My wife and I were just told abt a property that has come on the market. Love to get your thoughts. It is a 3/1 with a 1/1 ADU . The 3/1 is fully rented for $2900, with a lease just signed and the ADU is MTM at $800. The ADU in our area (Bergen County) could rent for $1200+. The property is for $400k. Some background. The property is being sold by the son of a woman just recently passed, she also had another property in our town he is selling for $500k.

So trying to wrap my head around if we should try something creative to HELP save him on taxes from short term gains/inheritance and possibly less we have to lay down, does this make sense? If not what do you think of the numbers for a DSCR or Conventional approach?

Love to get best COC return and hear your thoughts.

Best regards....