multi family owner financing eal

[Monique Bright]

Hi my name is Monique and I am currently a property manager.  I have been in property management for the last 10 years and I have always wanted to purchase my own property.  I ran across a deal and because I'm a newbie to investing I would like some feedback.  It is a 102 unit property with 1,2 and 3 bedroom units, it is currently vacant and selling for $490k.  The owner is offering owner financing and is willing to rehab 10 units to be rent ready.  My questions are:  If I were to do the owner financing what should I ask for as far as terms go?  Because the property is in need of rehab I don't feel a down payment should be an option.  My other question is where would I get the rehab money from?  Should I try to do a 2 fold like a owner financing/repair allowance deal?  Is that even something that can be done?  I really like the property and I would love to be able to purchase it.  Any advice would be helpful.  Thank you