I have some folks who've expressed interest, so we may be able to sell without putting it on the market.Since we're empty nesters with an older dog (he just turned 12 yesterday), we'd prefer to be on 1st fl for all our sakes.My 5 yr goal is to acquire 2 MFH per year over the next 5 years. 

I’m a 21 year old male trying to acquire 4 different rental properties from one of my fathers friends.

This means, you must acquire the property in your individual capacity.

The estimated NOI and cap rate value the property at around $750k.Are there any other creative financing strategies that I could employ to acquire this property? 

It is a product they offer for those unable to utilize the VA loan, however after calling them for the second time to verify that I would qualify they stated that it can only be used for secondary properties but not rentals.

@Tim Ivory, Sorry more bad news.  1031 is only an option for properties you have purchased with the intent of holding for productive use. 

Bought my first rental in 2010, got my real estate license in 2013 and bought a property management company in late 2015This is when my life changed and I became exponentially happier.I don’t punch a time clock and I’ll never go back.Since 2015, we have been hovering at around 115-130 doors that we manage for investors, as well as my personal units.Between last year and now, I have personally acquired an additional 10 doors through bank financing and owner financing.Through partnerships I’ve put together a few deals and have a 17 others (two duplexes, one 12 unit apartment, and one condo) .I love the podcast and this community of investors.Thanks,Dave Fulkerson

Our short term goal (6 months or less) is to identify and acquire a rental property, either SFH or duplex, in the Seattle or Spokane areas that will net us an acceptable positive cash flow (we are still working on defining what is 'acceptable' for us). 

Here's how you can do that...Acquire Furnished PropertiesWhen you are in the property search phase and you are using the various platforms and software to find your next deal.

I am acquiring a 7plex in Aug.