Buying with a wrap to do potential BRRR

[Stuart Nebeker]

Hello, 

Working with a home owner that wants out. The house is very distressed. I am unavailable to get a mortgage or remodeling loan not because of credit but lack of down payment. Seller is very interested in doing Seller financing since that’s how she got her first place. She still owes a little on the mortgage. So we’re talking about a wrap. She’s finding out about the due on sale clause. My question is if I can make this work how can I protect myself as the buyer also is there any down falls to brrrr-ing this property? 

Thank you all