Possible 100% Seller Financing Commercial Deal

[Matt Taylor]

Hello there y'all! I'm new to the forum and the BP website! I'm a business owner and my business is located in Charleston, WV. We are in a plaza and take up 2 units out of a possible 8. Occupancy is 6/8 typically and the rent rolls are $8,500 per month. 

The plaza is in need of about 100K in repairs and maintenance (none is essential though). I previously approached the seller and asked to purchase and he told me it would take a 2 million dollar offer. Clearly, that math doesn't work out. 

The seller is about 70 and he would be looking for something financed over 20 years likely. My question is...where do I start negotiations that isn't insulting? I did the math at a $750,000.00 offer over 20 years at 8% interest would be a ($6,273.00/mo) payment. We could use the monthly cash flow difference to invest into the improvements and look to BRRR over a long period (3-5 years perhaps?).

I'm open to any and all suggestions. 

Matt Tay