Owner Financing Questions

[Jacob Hanika]

Hey Everyone, 

So I have found an off market deal where the owner wants to get rid of the home at $63k. Which puts our budget very tight for a flip with the repairs looking to be around 20-25k. 

I am having the thought of owner financing but haven’t done this before and am looking for help in understanding 100% but also explaining it to my wife who said no as she is an agent and has the fear of a due on sale clause. 

How do I start the conversation?

Will the due on sale clause come in effect? 

Is owner financing beneficial for a beginner? 

How does this work contractually for us to take ownership of the house? 

Does it make sense to do a owner financing if we don’t have a ton of cash? 

I hope this makes sense as I am still a newbie and want to do it properly.