Analyze a rental property deal

[Ericka Alexander]

I am looking at a 3/2/2 property within walking distance to an elementary school. It has been a solid rental for the seller, who is moving on to motels and wants to get rid of his rentals. Initially he asked $130K but after the renters moved out, there is about 15K worth of damage to make it rent ready, 32K for selling. It will rent easily for $1350 a month and the tenants have traditionally stayed 6-10 years. Asking price is $110k. ARV $150K.

I have two options:  Seller finance - I come out of pocket with the repair costs

Buy outright with a rehab to perm loan. 

I think the seller finance is the better route.

Is this a good deal to buy and hold?