Making seller financing attractive in a hot market

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Hello BP! I was at a bbq with some family friends today and I overheard one of the neighbors mention his rental properties. Needless to say, my ears instantly perked up. The neighbor mentioned that he owns 5 rental properties in my area. He goes on to say that he's burnt out on being a landlord, as he's been doing it for 30 years. However, he then states that he'd like to potentially exchange them into a duplex. I am under the impression that the owner owns all 5 properties free and clear. Well, here's where my gears started turning... I've seen one of his properties, and it's something I wouldn't mind owning if the price was right. I'm not sure about the others, but I'd still at least like to see them and potentially make an offer. Here's the scenario: I'm in an extremely hot market, where most SFRs are selling for above asking price. It's a sellers market, period. I know the owner isn't hurting for cash, as my father (a contractor) just rehabbed a property for this same neighbor. He sold it for 330K. It was owned free and clear. Currently, I am rehabbing a property (live and flip/house hack), and do not have financing to purchase any of his properties conventionally. So, here's my question: How would I make an appealing offer to this owner using seller financing? Let's just assume one of his properties is worth 300K in the current market and may sell for above that on the MLS. I would only hold the property if we could agree on terms that would allow me to cash flow after PITI, utilities and expenses (cap-ex etc.). He likely wouldn't agree to holding the note, if I was simply going to flip the property. He could pay someone to do that and profit more. I believe the only real benefit to the owner would be collecting interest by holding the note (acting as the bank) over a period of time. Essentially like a 30 year mortgage, and he just collects the interest. Which, should make him a lot more money when amortized over 30 years. In comparison to selling his property at 300K and paying closing cost, broker fees, and capital gains. Would there be any other benefit to the owner other than the interest? Can someone give me an example of how this may allow me to get a better purchase price/terms? Any experience/wisdom that you could share would be appreciated! Thanks in advance! Taylor