Owner Financing to Current Tenant Advice

[Leah Weisel]

I am looking to owner finance my tenant in a single family, mediocre home in PA. My tenant has poor credit, shaky job history, and will never qualify at a bank. We have made good income on the property for the past 5 years and the tenant always pays on time. We are ready to sell the property and the tenant wants owner financing, which we are strongly considering. Any specific suggestions on writing and putting a contract into action? Anyone have experience in this realm?