Owner finance on wholesale?

[Bruce C.]

Buyer here. A wholesaler sent me decent looking property today I'm going to look at Monday. Price is $50k, ARV $170k based on my numbers (he thinks 184k, but that's not important).

Anyway, I don’t have the cash to buy AND rehab plus carry (I can do one not both). Being that it’s a relatively small deal, I’d prefer not to lose money on the double close costs with a HM lender. The $5-6k in costs is a decent percent of deal. 

Would HM lenders be open to suggesting owner finance for 6 months?  I’d pay closing and wholesaler, do standard interest only for 6 months, use my money for rehab, then refi.