Finance suggestions for first real estate investment property

[Chris Policicchio]

Hello BP! I'm looking for potential ideas (or even partners) for my potential first REI property (buy and hold). I'm currently preparing to make an offer and I'd like to make one this week, if possible. Here's some info:

• Purchase Price (likely):  $155k
• Borrow Amount:  $110k - $120k
• Property Type:  Duplex, each side 2/1
• Rent:  $860/month (each side, so total $1720)
• Taxes + Insurance:  $4200/year ($350/month)
• Property Mgmt:  10% of rent
• Incidentals & Repairs:  4% of rent
• Capital:  5% of rent
• Vacancy:  1 month per year (8% of rent)

Based on the information above, if I can get my mortgage payment around $590/month, I can cash flow ~$325.

What I would like some help/advice on is potential ways to finance.  I can put 20-30% down and still have some left over for some other repairs/improvements (although, much is not needed).  So I'd be looking to borrow ~$120k.  

I really can't go the conventional mortgage route b/c I have a C-Corp (or at least I don't think I can).  I am aware of the downsides to a C-Corp.  For now, it's where I need to run my business out of.  But b/c of that, that means I'd be looking at a commercial loan and higher interest rates.  In the end, if I need to go that route, I can go that route, but I wanted to see if anyone had any advice or thoughts.

Thanks in advance!