Buying STR (Vacation Rental) with owner financing

[Villy Ellinger]

I'm considering making an offer on a vacant, absentee-owner unit in Destin to use as a vacation rental. It's in a complex that is mostly used for STR/vacation rentals. I'd like to get owner financing (and am told that might be a viable option with this particular seller). Has anyone done this before? If so, what terms did you offer? Down payment size? Term length? Special stipulations, etc? Looking for feedback and/or advise. Thank you!