New investor needs advice

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My wife's aunt lives in California, we are in Indianapolis. Her aunt has 2 properties here in Indy she has had for some years now. They are rentals one stays rented, the other one is off and on. She is willing to let my wife and I purchase the properties. At the moment our capital or credit isn't where it should be to obtain them in that way. She is willing to work with us. Any creative solutions any one one have out there? ( the houses or worth 80k a piece)

Owner financing. You can create virtually any structure that you want. Your wife's aunt probably wants regular income. For example: if you pay her $300/month for 25 years, she will have a steady stream of income and you would end up paying her $90k, far less than a bank loan. 

Hope this helps,