Seller Finance or Wholesale?

[Alexis S.]

Hello BP family. I went and saw a house today in Detroit. The comps I ran show $26,000 to $32,000.

Seller owes approx $6800 water and taxes combined

Seller wants to walk with no less than $16,000 after all is said and done.

It has a tentant. They pay $600.00/month but can rent out for $750/month

The lease will expire in June 2017

taxes are 1300/ year

The house looks pretty solid. the bathroom could use an update to add value for retail but to keep as rental it looks good. The basement bathroom needs some drywall. The house needs a good cleaning.

It is located near Joy rd and Wyoming. The block the house is on is clean and houses look well kept.

My question is does this make a good wholesale deal or an owner finance deal? 

If owner finance, how do I structure the agreement and who takes care of the delinquent taxes?

Once the agreement is signed for seller financing, what are my options? 

Thank you for any help. I am taking massive action and learning as I go. I went through information overload for this past year! I have concluded learning as I need the info is a better way.