Seller financing on a 70 unit apartment building, pros and cons ?

[Frano Buhovac]

Hi everyone,

I have an off-market 70 unit building deal with an amazing location, its a mom and pops type of deal where they want to get rid of the property since they are already in their 70s and I'm looking into buying it, the property is fully paid off by the owner, the owner still does the management of the property and it is not in the best shape, but the location is great Its literally 20 yards away from Loyola Chicago university. I believe that I can double the worth of the property just by managing the property professionally. 

My question is since I currently don't have the required down payment would seller financing be the best option?