How to make an offer on a rental property that includes owner financing?

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Hello BP,

My wife and I are new to the world of investing and after spending some time discussing our plan and spending days driving for cash, we've decided that given our debt to income situation and limited cash reserves, that it is best that we identify profitable buy and hold properties where we can obtain owner financing for a period of time (to allow us to pay down mortgage and student loan debt). 

One of the issues is that we are a bit confused on how the owner financing process works as far as including it in our offer. Can someone please add some clarity about how we'd write up an offer to a seller that includes owner financing for __  amount for ___ length of time at __ interest rate with a balloon payment due at ____time? In the past, we've purchase our own home; however we used conventional financing through a bank and used our cash fro the down payment. Also, we both have excellent credit  (700 for my wife and 791 for me)

How do we write up the offer in a way that is fair and beneficial to the seller/owner as well as in a way that makes financial sense for us as new investors?

Please advise if you can.

Thank you in advance for taking the time to read this post and for commenting.

-DeShawn