Is seller financing wort it /doable in California?

[Alondra Ramos]

Hello, I am new to real estate investing. A little about myself. I live in California and rent an apartment. I purchased a townhome last year in Nevada & I have tenants who are paying off the mortgage. 

There is a person in California who asked me to move into their house to rent but I am more interested in buying the place as it can be turned into a multifamily property. I want to offer me purchasing their home  but I dont want to go the bank route because I can't afford to put a downpayment more than 50k & have a mortgage of 7k.  So I came across seller financing...

Does it work? Would I be paying more that route vs a bank loan? How does one setup a payment plan.  I am still doing my own research on it but looking to get any additional information.  Thank you in advance.