Help! Land Contract/Seller Financing Strategies

[Brett Lambert]

Happy Friday! 

I met a local rockstar investor here in Grand Rapids, MI. He is on his way out of the investing space because he wants to spend more time with his family and less time managing his large portfolio. He's open to selling a few of his small multifamily properties to me using seller financing and/or land contracts. I've been trying to figure out contract terms and structures that will be beneficial for both of us moving forward. I'd love to learn from you all:

1. What are some ways you've framed the land contract/seller financing conversation to set a collaborative tone moving into negotiations?  

2. Contract structure/terms you've used successfully in past deals?