Owner Finance help

[Zac Davis]

hello,

I need some help from a pro! I found a guy willing to sell me his duplex for 174,900 or he said he'd be willing to do owner finance on the deal

$7000 down

30 years at 7 percent.

there is one tenant in it now paying $650(but rent will go up as the tenant is leaving in June) and the other is barely vacant and raised to $705. I have no idea how to analyze this, even if its not a good deal I'd like to know how someone would analyze an owner finance deal and distinguish a good deal from a bad one. What other questions do I ask next time?

I sought this guy out just to ask questions, I made no attempt to purchase at this point. I'm just trying to learn. This guy is selling 8 duplexes and a four-plex. Getting out of the game after 30 years.