How to get capital for a huge deal?

[Jacob Ingledue]

I am a young and inexperienced investor. I currently own 2 rental properties and have high hopes for growth. I have been building a relationship with an older lady who owns some rental properties and is fed up with being a landlord. She is ready to get rid of them. She owns a 5plex, a duplex, and 3 single family homes, all of which need some work. She owes $140k on the properties and would like to get $250k for them but at this point it sounds like she would just like someone to make an offer on them so she can walk away from labdlording. I think her properties could make awesome investments, however, I don't have the working capital to cover the down payment on a commercial loan, nor do I have the capital to rehab the properties. Any suggestions and/or advice?

[Steve Vaughan]

Originally posted by @Jacob Ingledue:

I am a young and inexperienced investor. I currently own 2 rental properties and have high hopes for growth. I have been building a relationship with an older lady who owns some rental properties and is fed up with being a landlord. She is ready to get rid of them.

When I've encountered this situation, I have offered on the entire portfolio and to buy conventionally the nicest residential property with a conventional mortgage at max value, then asked for seller financing on the rest utilizing the one as the bulk of the DP for the rest.  

If buying with SF, make sure you own it and always put some down on each property.  A legal transaction must exchange consideration. How long  of a term did she mention if she were to carry, Jacob?