Multiple questions on Selling my property with owner financing

[Jason P.]

I have a duplex in Illinois that I'm thinking about selling with owner financing as it's a free and clear property.

Where would you post that? And would you do it on your own or get a broker involved?

Both units are rented out but upstairs said she is moving out soon. 

Downstairs 2/1bth $600/m

Upstairs 2/1bth $500/m

Property needs work and am asking $120k

What down payment would you suggest? And at what interest?

Was thinking $25k @9.5%. But what do you all say?

Thanks!

[Tim J.]

IMO - 9.5 is way too high to take seriously as a buyer.  The only people you will attract are those who can't get bank loans and that's probably not the investor you want...

If you want to sell to an investor, structure the deal so it is attractive to investors- figure out a competitive cap rate and back in your numbers from there.  Be realistic with costs.