Seller Financing and Deal Negotiations on existing STR

[Melissa Thomas]

I'm looking at an STR that has been on the market for some time. Looks like it was purchased in 2019 and on and off the market since 2021. I am very interested in approaching the seller with a seller-financed deal or combination of the subject to and seller financing. Wondering about the best place to get advice on how to structure the deal, or increase my odds of a seller considering an offer they may not have considered or thought of. Also is seller financing a good way to get around a large inital 20% down payment? If I went the DSCR route Im looking at $135K to get in, furnish and have the place cash flowing. Trying to do the deal with $40K max.