Owner finance on an unlivable property?

[Michelle Robbins]

I'm looking at buying a cheap property in Florida. It's an old 3/2 mobile home on over a quarter acre in a decent area. It needs quite a bit of rehab and is currently in an unlivable condition. I'm wondering if anyone has had success buying a property really cheaply (for say $15,000) and reselling it as is for say $30,000 using owner financing (without doing any rehab). Basically you're able to mark up the price because you're offering the service of providing the loan.