Making owner financing make sense

[Kara Johnson]

Pro's...

We are buying what maybe our 3rd double out of state, but I can't make owner financing work for me?? The owners are "motivated" and asking $59k for one/gross rents $900. 2nd double asking $79k gross rents $1100. First, I think they asking too much for them so we would offer $5k less on both.

We don't want to refi we would like to use this a permanent financing if possible. No mortgage is currently being held on either duplex.

Any suggestions, are welcome...

Thanks