Buying 2 Mid-Term Rentals with $4,000

This deal consists of two cottage style homes located near this cities local hospital. The buyer we were working with runs a mid term rental business and loved this deal but had only $4,000 to purchase it at the time. We set the buyer up with a lender who would give them an 80% investment loan and we structured the deal so the seller would carry a 20% note post closing. However, the buyer still needed cash to close the deal per the lenders requirements. The buyer owned another property that we were able to set up a short term line of credit on so they could use that money to close the deal. A line of credit that was securitized to another property was an acceptable form of down payment for this lender.