Financing options.. First property

[Brad Anderson]

Hi everyone, 

I have been interested in owner a rental property for a while now and have been casually looking but now I've stumbled on something that looks interesting...

The Deal 

One owner is selling 2 condos.  (Located about 45 mins outside the GTA)

1st Condo  = $120,000 CAD         2nd Condo  = $130,000 CAD

Rent paid =  1000                           1000

Expenses 

Condo Fees =    290                        290

Property Tax=   100                        109

Mortgage =        540                        590 

Total =                930                        990

This is a basic cash flow for the 2 properties I put together quickly and I believe rent could be increased as basement apartments in the area go for 850-1100 and condo's go for around 1100-1400. 

My question is... What are some alternative ways to finance ?

I have a stable job making around 70,000 with good credit. Been working the same job since 2014 BUT my problem is I left the job this summer to take a dream job contract but am back now. (They wouldn't approve a leave but were more than happy to have me back and my boss literally told me not to pass up the opportunity but for corporate reasons would not be able to accept the leave) 

So question is do you think a bank would lend to me and if not what sort of deals do private lenders offer ? 

Anyone have experience with private lenders in the GTA area and have any recommendations ?

Realtor also mentioned if both were bought they would cut me a deal. Currently only able to afford the down payment on one condo but was thinking of asking to see if they would be open to owner financing for the second.

Thanks for reading and would appreciate any feedback.