Benefits of owner financing

[Nick Terry]

I know there are probably several links out there on BP but I haven't played around with the site enough to be very dangerous.  I am thinking that I would like to try to pursue landlords that are looking to retire.  I keep reading about how powerful owner financed deals can be in creating a win/win scenario.  I feel like I need some more knowledge around what makes them such a great option and also under what circumstances they become so great.  Ie, the seller doesn't have to pay so much in taxes by not taking such a huge sum in one year, they can earn a great rate by being the bank, etc.  Can some of you more experienced investors out there help me learn how to negotiate with potential owner financers?