Financing Multi Properties Purchase

[Josh Bauerle]

Hey Everyone,

I'm working on a deal to purchase 12 different properties from one seller.  They consist of six single families, three duplexes and three condos.  He's asking $465,000 total but I'm pretty confident he will agree to $375,000 if I take them all (this is rural OH, so very low home prices).

Seller is willing to do very favorable financing with a 7.5 percent down payment.  He will do 4 percent amortized over 10 years.  But the key is he wants them refinanced out of his financing within two years.

What are the best options for financing all 12 properties?  At the $375,000 price with a 7.5 percent down payment they would have 35 percent or more equity in them by the time I looked to refinance.  But the seller wants me to show him I have this financing option lined up before we do the deal.  

How would you approach the financing?  I've asked around a little and the fact that the average property amount is so low seems to make the deal more difficult.  Any suggestions?  If it helps to know, I have a $200k plus per year income, 750+ credit score and own two single family rentals already so I'm not a brand new investor.

Any ideas greatly appreciated!