How Would You Do this Deal?

[Lee G.]

I own a 4plex on a flag lot. I just got the property in front of me, another 4 plex under contract as a short sale for 125K. I know it will appraise for 165 or so. The rents will be about 2K a month from the property so the cash flow will be about $350/month.

My goal is to keep the property but my problem is the loan. I am happy to put 25% down but as I've been self employed for a only one year, my mortgage broker says this is a no-go without a credit partner.

My question is - how would you do this deal?