Denver Seller Finance Advice

[Tom Horan]

Hey BP - 

Trying to land my first deal and could use some advice on how to structure a win/win deal for my seller and myself. 

This property has 4 units bringing in $6,000/month currently (all units rented). Depending on the terms, I think the seller is looking to get somewhere in the ballpark of 500k. Seller is an older guy and doesn't want to get killed with capital gains but is also a tired landlord. I'm thinking seller financing would be the best bet to at least spread out the taxes but I could be wrong. I'd like to come up with an attractive deal for both parties and not scare the seller away with a low-ball offer. I have some rapport with the seller and think he'd like to sell to me if the price and terms are right.

I'd be looking to house hack one of the four units and I'm wondering if I could finance some with seller financing, and some with an FHA. I'm clearly not an expert on structuring deals and creative financing - Looking for some help, BP!