New Investor Trying to Close on 1st Deal

[Adam Palace]

Hi everyone. 

I am a new investor from the Pittsburgh, PA area and have been actively reading the plethora of information on BP for the last few months. However, I believe I am ready to make the jump and put in an offer on my first deal.

Details of the deal as follows:

- Purchase Price: $74k

- Triplex ($675,$575,$450) - All Units have been remodeled and 2 are currently rented w/ long term tenants

- Cash Outlay: $23,915 ($18,475 down/$1000 Repairs/$4440 closing costs)

- NOI: $8,783

- CoC Return: 21.8%

- Cap Rate: 11.7%

- Monthly Cash-flow: $434/month

Based on these numbers, I believe the deal make sense for this area. However my main concern is tying up $23,915 for this one investment based on a 75% LTV mortgage and associated closing costs. I plan to try to negotiate the deal to get seller financing of the down-payment. however if this is unsuccessful, does anyone have any other creative financing strategies for this deal?