Seller financing approach

[Moises Salazar]

Hey biggerpockets gang! So here is my story. My parents have a neighbor that he is planning to sell the property that he own free and clear. Property is 2100sqft and needs a ton of rehab since everything inside is in good condition however everything original from 1950. Roof is 30 yrs old but structural and foundation is in good conditions and everything else is intact. I have the credit score and make a good monthly living but I have no cash save up but have 2 cash flowing rental properties with one of them having some equity. I want to approach the seller on a seller financing opportunity but don’t know much about it, and don’t know how to present to seller. This property has a ton of rehab to get done but a ton of upside. I would love to make this a live and flip for my wife and I but have no idea how to go about it.