Typical Seller/Owner Financing Terms

[Adam Flaugher]

My partner and I are looking at a few small (2-4 units each) off-market multi-family deals. The current owner(s) have expressed interest in doing seller financing which is fine by us. With that said, what are the typical terms (i.e. length of note, down payment % - if any, interest rate) for these size deals? I know this is dependent on the current owner(s) personal financing goals but there has to be some normalized trends in this space. Also, if it helps, the deals are in the STL area.