Creative Financing - Investment Property

[James Colgan]

Hey All! 

I have found a STR investment/2nd home property in Hilton Head Island, SC that I am considering purchasing. I have spoke with the owner and they have agreed to do an off-market deal and seller finance/creative finance if they're able to lessen the tax burden of the capital gains. This is their main concern as they are looking to sell and using a 1031. I believe from what I've read that if you do the 1031 you cannot seller finance at the same time. I wanted to know if there are other options that I can suggest that will help them and me. The purchase price is $410k and I was looking to structure the deal where I can put down as little as possible. Would love some feedback and suggestions! TIA.