How would this deal be structured?

[Dalton Boegen]

Hello Bigger pockets, I've been lurking here for a little while, I've read a few of the books, and multiple other books and I know I'll be starting a real estate investing career in the near future, I'm only waiting to settle up my affairs, and lower my debt load before investing. Anyway, onto the discussion.

Today I stumbled upon a seller on a commercial real estate site who is selling 29 single family homes all for a total price of $350,000 total or $13,275 per property. The majority of these homes, as i can tell from knowing the area are in D areas, some probably in C+ areas at best. My question is less about IF it is a good deal and rather how could it be structured. All 29 homes are located on their on separate parcels. With this being the case, to take ownership of all 29 homes, would you have to essentially have a closing for every single property seperately? 

A little more info. All tenants pay all utilities and maintain the lawns. The advertisement says SOME owner financing available.( I haven't asked what is really meant by this, I've not inquired at all as I'm not in a position to move forward on something like this, nor am i trying to start this large) Obviously any type of traditional financing would be out of the question (I'm assuming) but I'm generally curious how a deal like this could be done. Would your only option for financing (besides through the seller financing) be with a portfolio lender? Would a portfolio lender even touch something like this, or would you have to find a hard money lender? (I haven't read much on portfolio lenders) How would this work with it covering 29 properties? Knowing a little about the area and seeing some of the homes as long as the insides were not total wrecks, some of the houses by themselves would be worth anywhere between 30-$45,000. The rents show from $400-600 per home. Also knowing a little about the rents in the area for single family homes, $400 a month is on the extreme low end. Usually $500 is about the lowest you'd find ANY home for rent, and many run into the area of $750 (for the types of homes for sale in this package.) Anywhere I've looked at this deal there is money to be made from it, not to say it wouldn't be a lot of work

Anyway, My main question is how could a deal like this be structured, Could anyone provide even a hypothetical example of how you could close this deal using SOME Seller financing and other financing. Would a portfolio lender touch something like this, or would your options be seller financing and hard money? The obvious would be a short seller financing, and a cash payment for what remains of the original $350,000. If you did receive seller financing and a hard money loan, how would you go about refinancing it to pay off the seller and the hard money lender. Would you have to refinancing individual properties to take equity out of each one? Of course there would be a limit to how many you could finance separately using traditional financing.

I know this is asking a lot for my first post, but I know this community won't disappoint

Thank you Bigger Pockets community. I look forward to your guidance and information.

Dalton B.