How to structure this deal?

[Tony Colquett]

A FSBO was offered to me with owner financing, but the seller does not own the property free and clear. What are some different options for structuring this type of deal? I told him that I would want financing for at least 5 years because he said he couldn't finance for very long. His asking price is 101,900. According to Rentometer.com, the median rental for the area is $875 (20% of rentals are above $1150/mo. and 20% of rentals are below $700/mo.). Any help is appreciated.