Seller Financing pros vs cons for beginners

[Nathaniel Lambert]

Hello,

I was looking into seller financing as a viable option to start investing with little money. What are the advantages and disadvantages of seller financing? 

for example.

I am a somewhat broke college student with medium/low debt and a high 600 / low 700 credit score.

Is seller financing a good option to entertain? What other option would make more sense to begin?

From my understanding seller financing is advantageous to both parties in some ways, the owner would like to get out of the property but would like to still be making money so seller financing helps with that. It helps the buyer get into the property and begin to collect cashflow, with hopefully some room for positive cashflow on their end too. Following this can you be lent hard money (or any money) for a BRRR technique (renovations for higher rents)?

Thanks!