Seller Financing during Rehabs

[Account Closed]

I am interested in the using seller financing as a strategy during the rehab/flip duration. Would folks share their experiences on this? How to you propose this option to sellers? Do you just create an addendum to your regular purchase agreement and have the Title Company draw up the documents? Does the seller take first position on property (assuming it's free and clear)? I would be very interested in your insights, as well as any documents/templates that you might want to share.