Owner financing- a good deal

[David Whitehair]

There is a house on my street that has been vacant for some time.  It is for sale by owner.  It definitely needs some work, but not sure how much work yet.  It last sold for $45,000.  What would be a great deal for him financing it for me.  How much down up front versus per year.  The homes in the area are renting anywhere between $900 and $1100.