Could you make a wholesale deal w/this owner financing situation?

[Courtney Fricke]

Trying to create a solution with this wholesale lead. I'm still new to seller financing but have some understanding of it. Let me know your thoughts! Can you make anything out of this?

2 acres that has a 4/2bath 1700 sq ft house and a 3/2bath 2006/2007 model trailer on property plus a barn. House rented for $1400/month and trailer for $1100 a year ago. 

Owner owes $143,000 on the property. All up to date on payments. No other liens.

Estimate $75,000 to repair house, trailer and barn/yard for a flip.
Owner is open to owner financing. House would be worth $225,000 remodeled. In highly desired flood zone, good area and there is a new residential development down the street that is starting. 

How to wholesale this? My thoughts so far - low money down, minimal to no payments required for 6months to do the rehab. I know the pay off is high but is it impossible to do a deal where the cash on cash return works for a rehabber? I'm not even trying to get a large wholesale fee. I'm just trying to create a solution here.

Also because of the condition of the house and trailer, I only see it as a rehab project. Curious about your thoughts and how some of y'all would handle this.

[Daniel Phillips]

So the sellers are willing to carry the loan while the investor pays every month ? This would be a sub2. Owner finance would be if there was no mortgage.