Structuring private money down payment

[David McAlexander]

I need some advice as this is something I haven't seen in my short years of investing and I scoured the forums and articles looking...

I was offered a deal but in being a bit aggressive to start this year my equity is tied up for a couple months, but the cash flow is amazing($572) and overall ROI for this buy and hold looks great on a single family with a current long term renter, zero repairs needed, so even though I hadn't tried before I thought I would offer seller financing.

Seller has agreed and after negotiating we've agreed to terms that offer that cash flow I mentioned above and give immediate equity, but he wants $5k down and I can't change that.

My question is, especially considering I have never done seller financing before and my equity is currently zapped until I refi and/or finish the flip/sale on another deal, do I raise funds for a down payment and how would I structure that? Or should I hard money loan this and not worry about that period?

OR do I just say I am being too greedy and work on my current deals and pass this one up and forget about structuring $5k worth of private money or the hefty price tag of a HML?

I'm doing all this while repairing my credit from my some dumb moves a few years ago so putting it on a credit card or taking out a HELOC is currently out of the question, but I can raise private money and get a HML, just have currently used up my personal network of private money lenders for my current deals.

I'm sure I'll get plenty of people telling me I'm doing it all wrong to begin with but this has allowed me to bring in the money to correct a lot of my past mistakes so just looking for advice on this please and thank you!!!