Down payments options/lender advice/partnership structure

[Victor Lebegue]

I'm just getting started in real estate investing. I purchased my first property in March of this year where I reside. I currently rent out the basement and one of the upstairs rooms putting me at a $250 a month mortgage payment. Once this is remodeled I will put it up for rent as a 3bd 2ba (currently a 2bd 1ba) that should net me around $450 a month after all expenses. I would like to purchase a 4 plex under an FHA loan and rent out the other units. Being a person that comes from seriously little money im working on trying to purchase another property in the mean time and am looking for some advice.

I have a private lender that is willing to either A) put up the 25% downpayment. B) Go in as partners with an eventual buy out. I have a single member LLC currently set up.

I'm looking for a way to structure borrowing 25% to use it as a downpayment on investment property. All the lenders in my MN area that I have talked to want to see the money season in my account for 6 months. Are there any ways to get around this?

If that route can't be done I would like to discuss how I should structure a partnership on a long term buy and hold with an eventual buy out.