Need creative seller financing ideas

[Chuck Ward]

Looking at a $1m property. Owner having a hard time selling, we wouldn't mind owning, esp for Short term rental purposes.
Owner owes $249k.
We would like to use very little cash, maybe higher interest rate for the seller, balloon in 5 years should interest rates come down.
Anyone had success or any ideas you could share?

We have other investments, good credit. HELOC is tied up in rehab currently. That will get mortgaged in the next 30-60 days, freeing up $300k.
TIA-Chuck