Hello Bianca. I just closed one of these yesterday for a sale price of $126,000 cash. The owner was offering financing with 20% down. The property I sold was in Chateau Towers on Sunset Dr. S in South Pasadena. A very nice area right next door to a lovely park and right on Boca Ciega bay. Very nice view.
There's a link below to the property web site so you can see what the area looks like.
To locate properties like this does take a little more research than regular sales. You need to find properties you like, then inquire whether the seller would be interested in your lease / purchase or owner financing offer. Not every property situation will work for this of course. The simplest situation is if there is no mortgage on the property, but it can be done with a mortgage in place under some circumstances.
I'd be happy to help you located some of these properties if you'd like.... more