Any chance for another purchase?

[Justin Sandall]

Hi all, We are closing in our 2nd SFR in 1 week; all of my available investment capital is being used for down payment/cc for that deal. However, I've come across another property that I'd like to run by you for your opinions on how I may get it financed. 3 bed/2 ba, 1800 sq ft, single carport, appliances stay, lg fenced yard Motivated seller List: $64,900 Discount: 20% ($13,000) Purchase: $52,000 Percent down: 5% Down payment: 2,600 Make ready repairs: $11,000 Amount Financed: $60,400, 30 yr, 5% Monthly mortgage: $324.24 Monthly rent: $850 (median for area is $900) Vacancy: 10% Monthly NRI: $765 Monthly Expenses PM: $85 Leasing costs: $35.42 CapEx: $38.25 Utilities: $25.00 Property taxes: $108.33 Insurance: $27.08 Maintenance reserve/other: $20.83 Total: $339.92 NOI: $425.08/mo Mortgage payment: $324.24/mo Net Cash Flow: $100.84/mo Annual cash flow: $1210.12 Annual debt paydown: $891.00 CoC return: 47% Total return (excludes appreciation): 81% I had to make some assumptions as I don't know how much, if any, I would have for a down payment, I'm not sure what interest rate I'd have depending if I went conventional vs seller financing vs etc. Thoughts on potential ways to make this happen if I don't have money to bring to the table or don't want to pursue a conventional loan? I'm a total newb when it comes to creative financing! Is it ok to have my agent contact the seller's agent to inquire about their openness to alternate financing options? Thanks for your time!