Seller Financing Advice

[Rosana Jreisat]

Hi Bigger Pockets! Seeking some advice.  Long story short, my husband is a tenant for a freestanding commercial property in a prime location in Orange County. The landlord is open to selling it to him and asked to submit a proposal to purchase. He wants 2million, I believe it's worth 1.5-1.75 million. I am not too concerned with the price as I am with the terms. I am trying to figure out how to approach it. My main goal is to get 0% seller financing. My husband is currently paying 7k in rent/month. After the purchase, they plan on renovating the land/building as it is not in good shape and they plan on remaining at the property for another few years. So my question is, how should I draft up the proposal. How much should I leave as a down payment? How much should I pay monthly? is there any way to lower my tax basis given I purchase for 2million (legally) What should my terms be? Any and all help is appreciated