Owner Financing... How does it work?

[David Palmer]

I have a deal of 4 rental college houses. The owners are open to owner financing. We have an LLC an enough cash for 10% down or around 100k. The question is how do you actually do owner financing? Do we have the owners finance the downpayment with a plan to pay them back? If so how is that structured... Or do we have the owners finance the whole thing? If that happens how do we pay our broker? Just so many questions about how to structure the deal. Any feedback would help!