Subject 2 vs. Wrap What would you do?

[Melissa Haworth]

Hoping to get some input on how I should set this deal up in Texas:

1. Seller holds property in his LLC and is refinancing to his personal name so he can refinance house (according to him)

2.  I am buying property that has about $5000 in equity -its a turn key property in good neighborhood that I will buy and hold and will cash flow $150 per month.

3.  Seller wants to do a lease option which I am not interested in.

4.  Seller wants 10% down 7 % interest.

What is the best creative financing tool to use and why and what should my concerns be to protect myself.

Thank you in advance for any assistance anyone can offer!