How to structure purchase of property portfolio

[Micki M.]

I'm working with a retiring landlord who wants to sell of his portfolio of properties.  He's skittish about seller financing, but would consider it with 40-50% down.  My plan is to keep a few that would make good flips, hold a couple rentals myself and sell off the rest.  Ideally I don't want to use all cash, but I also don't want to over-complicate the transaction.  What are my options for structuring the purchase?

If I use a loan would I be able to sell the properties off individually later?  If I wholesale the ones I don't want should I try to get my buyers to close simultaneously?  How would you do it?

keywords: Indianapolis, portfolio lender, blanket loan