[Calc Review] Help me analyze this deal,

[Arleigh Campeau]

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*This link comes directly from our calculators, based on information input by the member who posted.

So the owner of this building wants out, they are older and want to retire. They are willing to owner carry for me. They provided all of the info I put into the calculator. This is an 11-unit apartment building with a lot of potential for expansion in existing unused garages and rent hasn't been increased in years. I also believe the value is much higher than their asking price.  Obviously at the current rents and owners proposed financing terms it doesn't work. there is room for rent increase but not a ton. My question is how would any of you approach financing this? They proposed 25k down, 350k financed for 15 years at 10.5 percent. I like the owner carry, but I would like to propose terms that would work. Any suggestions on how to construct an attractive deal to the owner?