Approaching sellers with "subject to" financing?

[Dan Shoemaker]

I have a seller who is willing to give up a property for what she owes on it and split the cost of the repairs (approx $10k for foundation, paint, and carpet). I want to approach her with the option of subject to financing.

What is the best way to bring this up? What objections should I be prepared to address?

Thanks in advance for your suggestions!