No money down large multi-families

[Travis Houck]

Looking to get started in real estate investing. Large multi-families (apartment complexes) in the city really interest me. Brand new to this and starting with nothing.

Is it a possible strategy for me to try and search for deals where my offer is... i guess the phrase is seller financing?

I want to offer them fixed monthly payments that are equal to basically 90% of the net monthly income over a period of time that by the end of the term I’ll be paying them greater than their asking price. The original owner then can sit back, relax, and enjoy zero responsibility. Receive entirely passive income from me (the new landlord) sending them the monthly checks.

I will assume ownership, keep the place running and do what landlords do and I get to keep the 10% of the net income I am not sending to the original owner.

I’m trying to think of creative ways to get started because I know the first deal is always the hardest. Does this approach seem feasible, or is it a pipedream?