I need some creative finance advice. I've got a seller who has a 2 bd 1 ba in the Beverly school district (43614) whose willing to do no money down, 10 year term with a $49,000 PP. ARV is somewhere between $65,000-$75,000 (seen 1 comp at 82k) the AS is value of the property is roughly $62,000. My game plan would be find a buyer whose willing to do $10,0000 down, $650 a month (maybe someone with bad a credit or wont qualify for a bank loan?). Therefore, I'd sell the property AS IS make 10k upfront and cashflow $150 a month without having to do anything.
Does my game plan make sense or would you do something different?