Seller Financed Wholetail?? Is It Possible?

[Paul Crutcher]

So I've been working on a deal and I believe I may be able to get it to the closing table with a deep discount.

However, I wanted to purchase it under seller financing for my personal use, but my SO doesn't like the area as much.

The Home has several acres surrounding it that are wooded. The property is in the county, on well and sewer, and needs repairs on basically every major appliance/utility. It's structurally sound but super dated inside.

So this was my strat I was potentially thinking about bringing to the table:

Home is a 3/2/2 on ~10 acres with 9 of 10 acres wooded. Seller Finance with 0 down payment, pay ~$2000 a month for the seller financing, have the balloon payment in 18 months for approximately $250k. Within those 18 months, all major appliances and utilities would be repaired for the home, the land would be cleared, and the home updated to surrounding neighborhood standards. Repair is ~$100k (I can save 50k by diy), and ARV is ~$450k (two neighbors homes have less land that is cleared and 750-1000sqft larger homes valued for $650k). At the Balloon payment, arrange for purchase to be sold to end buyer, and collect 6 figure commission check.

This would probably be the most work I've ever done to get 6 figures, but is it worth it?

I can see risks with putting all this work in, failing to close, and then I'm left with nothing. So there would have to be both protections on my end and protections on theirs to make this a plausible strat. 

What are your thoughts and could I Wholetail this basically? Or should I forego the work entirety and just wholesale the seller financed contract?