Seller financing deal analysis

[Niraj S.]

Hi everyone!

I have a pocket listing brought to me by my agent. The owner is elderly and is wanting to sell her 3 bed/2 bath ranch style home for 300K (neighborhood comps are between 320-330K).  The house does need a cosmetic update (worth around 30K) but the owner is in no rush to move out since she has health issues. She is willing to stay in the house as a tenant on a month to month term ($2000/month) until she finds a new place. She has also offered some seller financing if needed to close the deal. I need help to figure out how to structure this deal as I have never used seller financing options before. Do i just ask for her to finance the 20% down payment and the the rest I can go get from a lender? Or is there a better suggestion out there. Thanks in advance for your responses!