Then eventually I realized that they ** really** want a loan, especially at the LO level.

Lo and behold, within 15 seconds of the fellow and I entering the home, the Mother of the young lady who had called from off the sign walked in with her Mother (three generations involved).

Durante seminar that I recommended in a different post; which focuses on L-T law as it applies to landlords owning "restricted property".

I'm also not a fan of L/O's to buy since you have so little control, but you can do sandwich lease options if you thought it made sense.I did one where the owner bought the house for his son and financed it at 5% I/O, that thing cash flowed pretty well, but I stumbled into it and pitched it because the guy was loaded and had bought the house for his son who was a drug addict and trashed the place and he wanted the headache gone more than the money. 

I've done it plenty, but I'd never wrap or L/O a sub2 these days now that I know what I'm doing and the new laws that are in place. 

It would be best for you to talk to an experienced lender/LO that is investor friendly and help you structure this in the best way possible.

But I did know my market well enough to know that the $60k appraisal I got on the refinance was totally bogus, so I went back to the bank with all my proof that the property was worth more than that including the comps that should be considered and lo and behold my appraisal was changed to $90k. 

what are the LO terms?

I brought attention to it & the LO's response, "It is what it is."

Put an ad OWNER WILL FINANCE.RE: Buying on terms - buying on a ILC, LO, LP, Wrap, etc, is a different story.