Looking to sell SFR and the existing tenants want to buy

[Ryan Moore]

Hello,

I'm looking for some guidance on a SFR that I am looking to unload. I tried to sell this property 2 yrs ago and due to lack of buyers I entered into a Lease option contract but after 10 months the buyer backed out and forfeited his deposit. Since then I have rented it to a family who have been great tenants thus far. They pay rent on time if not early and only reach out if they have a significant issue.

They are looking for owner financing because they will not be eligible for a conventional mortgage for 5 years or more. There last property put them in a bit of a bind and ruined their credit. They just unloaded the property as a short sale but their credit was tarnished. They only have $30k in student loan debt and make over $110k/yr currently. I will have to do further investigation on their ability to pay the mortgage but on the surface they can handle the loan. I'm looking to sell the property for $190k with $20k down and they want a 15 yr mortgage.

Here are the questions, what are the chances I will be able to sell the loan once  I enter in to the purchase agreement? Should I just list it with an agent and sell it outright because these buyers cant get a traditional mortgage? The home has its complications, 5 acres of property and a somewhat steep driveway that can deter buyers. 

Thanks for any advice.