Creative ideas for funding a deal?

[Matthew Hitchcock]

Hi BP community, 

Me and my team have been investing for about year now collectively. We recently bought a 13 unit building in a downtown area. The lead was from a family friend and that friend has been doing real estate for quite some time. He has a very large portfolio but is getting to the point where tenants and management are not something he's interested in anymore. He called us up with another 13 unit building but capital is currently tied up in multiple projects. The gentleman is nice and open to some seller financing. I'm just curious what everyone thinks a good proposition would be for a deal like this, he wants to make it work just looking for a starting point that helps both parties. If he were to sell it he's looking for a little over $1 million, mostly comprised of 2 bedrooms and room for rental increases. Thoughts and guidance are truly appreciated.

Matt