Making an owner financing offer

[Cory Peters]

I found a property that needs a full renovation but I can get well below market. (Would offer $80,000 to $100,000) The owner was renting the property and when I talked with him just to get details he was very adamant about it being a good investment and he would welcome an offer.

A fully renovated house in that neighborhood sells for $260,000 to $270,000.

How do I approach this both to insure it’s a good investment and also to possibly ask for owner financing?

Thanks!