Owner finance

[Lawrence Lloyd paclob]

aloha BP,

I would like to ask if anyone could give me your thoughts or more information about owner financing, I have talked with a seller that might be more interested in doing a owner finance instead of just selling their  property and getting a big chunk, she wants a steady income for x amount of years for her retirement, but question is would owner finance work if home needed major improvements and repairs? And if so how would it work and what strategy would you use to come up with the funds? Goal is to rehab the property and rent it out having a good amount of cash flow coming in, As you can see i am new to real estate investing and don't have much funds to do a rehab on the property, but I have funds to put a down payment. Thank you in advance