Creative Options for Potential Rental

[Account Closed]

Hello, everyone. I've been having quite some difficulty flipping a property in Trenton, NJ. I'm beginning to feel as if I should keep the place as a rental as I'm truly getting this for an awesome value, and the seller's willing to work with me in every way imaginable to make this deal work. I might add that he has other folks wanting to buy this property directly from him. If I only could have found these folks first, lol. I'm thinking of approaching some individuals who are private money lenders in order to get the funds to secure this place and to do the minor remodeling tasks - under $1K. Outside of seeking private money, what are some creative ways that I can acquire this property as a rental? I'm not well versed in lease options and such, so educate me!!! The property is free and clear.

Here are some of the specifics below:

3 bedroom/ 1 bathroom brick end row unit
Fully finished attic
Fully carpeted
Updated heating system
Interior Square Feet: 1,296
Year Built: 1920
Annual taxes (2011): $2,130.41
Repair work needed: less than $1000
Rental rates: $850-$900
This home has been well maintained and is move-in ready