The house is not on the market and I need to approach my landlord about my interest in purchasing the house.

About 18 months ago, I attempted a similar approach with a SFR in a rapidly gentrifying area. 

Buyers approached me to purchase a house in Mississippi that I can get for $40,000 cash.

And what approach should I take if they are not open to rent-to-own?

I closed no business and learned much less from the experience than I thought I would.Now, a year has passed and I have adopted an entirely new approach to my mentality about this entire industry. 

Our venture into real estate honestly probably all started with the iconic “Rich Dad, Poor Dad” which led to other books, which led to google questions about real estate, which quickly brought me to BP.

The smartest approach to investing is to save up the money yourself for a DP.

Also, work with someone who offers a consultative approach and can optimize the property. 

They do not need money today it is more of long term plan approach. 

I want to move forward with setting up a seller financed deal, but am unsure on how to approach and how to structure the deal.