Seller Financing Help! First Opportunity.

[Cassidy Burns]

Hi BP,

A great opportunity has come to me through networking!  Constantly talking about real estate really does work.  I had a seller contact me and wants to seller financing 1/4 of his portfolio (23-25 units), a mix of single gmail homes and small multifamily units, to me.  He is currently putting together the list of units and his price.  

I want to be prepared.  This being my first seller finance deal, any specific way I should structure it?  Or what should I know before going into negotiation?

Also, what information on the units should I ask for before committing?  Currently all units are occupied, under month to month leases, but drastically under market rents.  Great opportunity to add value in cash flow.

Any advice is greatly appreciated!