You may want to research the term ' Debt Financed Distribution' Which does have a tax implication for the investors receiving a distribution.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

You may just stumble into seller financing if play your cards right.

You won't be able to use conventional financing and must use a non-recourse loan which typically require 40% down.

I joined this forum to connect with others, learn from those who’ve been in my shoes, and maybe even find people to partner with in the future.If you’ve got any tips, especially around raising capital or structuring your first deal, I’d love to hear them!

Could any of you guide me on what I should do initially to secure financing?

If you're using traditional financing on your primary residence, they're going to do another credit check on you just before closing.

Also, consider lenders that specialize in investment property financing, like LendingOne or Kiavi. 

Back when I was in finance, we had a broker who was charging a family 2% for management fees on their cash that was only making 0.3% at the time.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.