Seller Financing Advice

[Charles Masten]

Hello BiggerPockets!

I am currently renting out a house in San Diego, as many of you know the barrier to entry here is so high for those of us starting out. The house I am renting and have been living in for 3 years is owned in full by the owner who bought it back in the 90s. Seller Financing seems like a great option to potentially get into a house hack in my market! What is the best way to approach my landlord and ask if this is something he would be interested in? What are some things I should get together before I ask if he would be open to it?

I know first I need to ask, and then listen to him and what he would like to get out of it or what he needs to get out of it, but as a rookie investor I would greatly appreciate any advice on how to approach this. Thank you so much in advance for your replies, this community is seriously the best!