Check this Owner Finance Deal Out

[Mitchlyn D.]

I got in touch with an out of state owner who has his property for sale.

Sale Price: $79,900

Property details:

It's an actual house consisting of 3 bed 2 bath. However, he converted the house into 2 units(2/1 and a 1/1). The units are in shared water and electricity. Owner has paid the property off and has no motg

Negotiations:

The seller wants to do like a lease option with $250 a month(none going towards the principal) for 2 years and $5K down. I don't like that option because I want my payments going towards the principal.

Rent:

I Know I can rent the 2/1 for around $750-850 and the 1/1 for $450-550.

My question is, how would you negotiate or what is the best way to get this property?