Owner will finance but the property needs work

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Quick question, I am looking at a property where the owner will hold the paper on the deal. However the property needs about 25 grand in repairs to be brought up to snuff. I am a licensed contractor and typically have done higher end projects. I am thinking of offering my services, paying for the higher end materials, and pulling all the permits to make this all done by the book. However I do not want to give the owner 10-15 percent down because I will need to use those funds for the repairs. Anyone ever done a deal like this where the potential buyer will instead of giving a down payment, they will supply the labor, materials, and licensed subcontractors as skin in the game? Essentially creating more value and making the property worth more albeit making it less of a risk for the note holder. Thanks in advance. If it helps or not the property is in Mass