New Here -- Owner Financing Advice

[Calvin Royster]

Hey! 

I am new to BP and am looking to find creative ways to acquire properties to buy and hold. I had heard about owner financing and wanted some insight from the pros. What are the advantages and drawbacks of this? If this is a worthwhile means to acquire real estate than, what are some common terms that both parties agree to? ( i.e. payments, interest, length, down payment)

Thanks in advance!