First Deal - Complicated - Need Some Suggestions.

[Chadd Naugle]

Here is the deal - Package deal 10 Single Family homes with 12 units total.... the seller is asking $580,000 for all homes.

Monthly Cash Flow is $8750

Yearly taxes - $15135

Motivated seller, but not going to give it away....

Questions - How do finance something like this?  Seller said there would be two closings, because he has two bundled mortgages.

Basically looking for a creative solution to get this deal done....he is open to negotiation on the price....I was thinking of trying to get ONE loan for the 80% LTV, and have him seller finance the rest, but I think he owes $470,000 on the property.

Other option would be to get a private investor to put money...any thoughts?