Convincing Seller Financing

[Gaelan Evans]

I've been renting a house for a couple years now and I have noticed a house down the street from me has been vacant for the 4 years that I have lived here. I would like to approach the owner and suggest that they sell the house to me with owner financing. Any recommendations on how to do this?

I have contacted them before and they have said that they plan to remodel it (but it seems unlikely.)  

My current strategy is to bring them all the benefits of selling the property:

- monthly income

- save on taxes (both yearly, and with sale)

-  helping young locals have a place to live

I'm wondering if anyone has any other thoughts on how to go about it

Thanks!