Our First Potential Deal!

[Bryant Maten]

Greetings BiggerPockets Family,

I'm so excited to present this potential opportunity to acquire my first deal. Here are the details. 

My mother sister and I are close to raising 25-30k to invest in real estate in Chicago, Houston, or New Orleans as our first re project. 

Our strategy: Acquire properties from sheriff auctions, flip, repay personal loans, and use excess profits to acquire additional deals.  After 2-3 flips, focus on cash flow deals.  

Opportunity: An agent recently sent over this deal.  "7 units, $5,350 gross income, $64,200 ttl ann inc, $10,300 ttl ann exp, $45,800 net op inc, All with individual heating units and are in good condition. Also has a long term storefront tenant." Information provided by seller and has not yet been verified. 

Challenge(s): Sales price is listed at $150k, it's been on the market for a year, and seller wants all cash.  

Question(s): How would you propose/word a deal to the seller with only 25-30k cash to make the deal a win/win?

Thank you for suggestions in advance.

Bryant