Owner Financing backed by Deed

[Amby Bhagtani]

I recently heard from someone who has been cashflowing using the following method:

1. Buys properties in mid-west between 30-50k in CASH

2. Owner finances them - and makes anywhere between 600-900 per month on the payments including interest

3. The best part is that he still owns the deed for these properties. 

Anyone with experience followed this model before?