I figure that if I can rent it out for $850 per month, it a win-win for everyone.

I just couldn't make the numbers work after calculating property tax and especially insurance (property, wins, flood).

It is a niche you can promote in many ways on social media and should be a win for you.  

I see one negative in that you don't get immediate gratification of the deal, but if you are in it to win it this seems like a good strategy to partner.  

The most-accepted method for finding this kind of deal is to do mail lists or call lists of current owners - that way, they already have you in mind when they are looking to sell.The best way to get good returns on a property like this are to:Find an off-market seller through the above-mentioned methods, and negotiate a deal that is win-win for you and the sellerFind a property (on- or off-market) that has room for value additions, either through growth, increasing income or decreasing expenses.Most properties that are on the MLS market will be competitively priced, or will need work and are thus value-add opportunities and will not be great deals from the beginning.

So I now have a new slice of the diviersification pie and have found my net work is increasing at a faster rate than before.Simply put, I realized I was not going to win the game in the way I wanted by "safely" investing in my 401k and other mutual funds investing.  

He has been doing personal development on his own, and he keeps emphasizing to me how much he sees the importance in getting his skills to a better level.

We can all have different tolerance for what we consider to be good and bad cashflow, it is also important to note that not all investment strategies emphasize cashflow.

Calling over direct mail day in and day out wins and knocking on the doors is even better.

But if the seller holds firm on asking price of 130k, what are some creative ways to structure owner financing that can be a win win?