The broker might also be able to recommend some lenders that would help you with financing.To your other question about the type of financing, it would depend on what you plan to do with the property once you have full ownership. 

Looking at your website, it appears like you offer REA services in the greater Columbus, OH area.

@Flavia Vangelotti With your expressed concern for cash flow, I suggest considering a Debt-Service Coverage Ratio (DSCR) loan.

It's also crucial to use a Debt Service Coverage Ratio (DSCR) calculator to assess the financial feasibility of refinancing in the long term.If you need any assistance with these calculators or ensuring their accuracy, I'd be happy to help.

@Drew Sygit I noticed you provide property management services. 

Actually you can make any market, okay almost any market except CA, NY, WA, IL that type of market is very tough to cash flow, but for AZ, TX, FL, GA, NC, you can make those markets cash flow.

My question is, would a down payment at 40% or more be realistic for this type of acquisition? 

For these types of questions - it would make sense to start by getting some quotes and term sheets from actual hard money lenders (larger companies, found via google or the directory on BP) - can still do the private money - but these terms they give you can easily be the starting point - and you will likely get a lender to walk you through them for free anyway

I'm wondering what other types of creative financing or loan products might be available for my situation.

If conventional is not an option,any other types of loans that might work?