Help! Seller Financing Articulation Needed - Unique Situation!

[Craishia Millines]

Hi BP fam!

I ran into a seller who just finished the beginning stages of a full rehab and asked if he would be selling in its current state, he ran his numbers and came back with one that works for the both of us. HOWEVER, hard money doesn't work for this deal and the condition is not livable for a bank to finance. *In the respect of time, I do not have a relationship with a bank I could go to in the next day so I have to get creative.*

Long story short - the deal is that my team goes in and adds drywall, cabinets and flooring and then transfer the deed and begin the closing process with a third party (being the bank). My attorney advised not to do this as since the seller is still the owner of the deed & he can transfer it as he pleases or even pass away throughout this and if he has hiers, I am out of luck. SO, my attorney proposed owner financing on the same short term period we previously agreed to in order to make the home livable. 

My question is: How do I present/articulate this to the seller? Any tips?

Thank you so so much!