Questions about seller financing and different options

[Neelam Khanna]

Hello

I'm a new investor and looking around for creative finance. I have seen a property which is perfect for STR and is Triplex. The property is listed by agent and is in market for almost 3 months now and he just lowered the price.
I need some advise please.

The place is listed almost 50k above the market value. It need a good rehab for me to let it for STR. So when I speak with seller about the property should I offer his listing price?

I am interested in pitching seller financing with lowest down payment as it needs rehab. I believe the seller is financially sound bcaz the place is empty and not even rented presently. Any thoughts on terms like 8 year balloon payment etc. 

I was thinking about availing homestyle renovation for rehab. Does it make sense ?   

Any more thoughts or ideas you can suggest. Thanks 😊 

[Nicholas L.]

@Neelam Khanna

impossible to answer any of these questions without more info