Multi Family with OWC financing.. what is a good "deal" on OWC?

[Zach Jones]

So, sorry for the vague title... but I've got some questions on Owner Will Carry (OWC). I can obviously see what the home is for sale for, and I can do the math on basic rates right now. BUT what I do not know is what is considered a good deal on OWC finance? Does anyone have experience in this? Specifically in our current '23 market. To specify, I'm asking what are some good rates/terms you would expect? I'm assuming owners aren't offering to carry a 15/30 yr notes so they might be 5 yr w/ "balloons"? I really don't know so I'm looking for some guidance. ALSO, if you're in here then you know something on current financing. I'm looking at 2 MF homes currently and am intersted in getting pre approved, I know there are all kinds of loan officers on here so does anyone wanna provide some info and potentially work something out? On all my mock numbers, I've been using rates of around 8.3% but I feel like better is out there.. 800+ beacon, good DTI and 25% down.

The "why" to this post, is me figuring out if it makes sense to chase the ever illustrious OWC financing or go after traditional financing with a strong rate.. the fact he/she is offering it seems great, I just know nothing about it and I don't want to reach out knowing nothing and come off as uniformed and wasting their time. 

I appreciate any info you can bring !  As always thanks to the BP community for being such a great place to feel free to ask these questions learn about this stuff!