Need Help Please.

[Ray Browning]

I have a property that i want to only Rent or sell with owner financing. There is one issue. Because the price of the property has gone down, if i do owner financing it, it creates a Negative amortization.

The property was worth 250k, now its worth 180k, the price on the property has gone down because of the economy.

The rent use to be 1800 dollars a month when it was rented, now the rent is going for 1300-1400 dollars a month.

If i decide to sell and do owner financing, I want to sell the house for 200k with 8% intererst. I want to ask for 1200 dollars a month in monthly payment instead of $1550 that shows on the amoritazation chart. I am offering less monthly payment so the buyer can be able to afford the rent in this bad economy.

Can I offer less in rent than what the 30 year amoritization shows?

What type of loan do i offer the buyer? I thought about lease option, balloon payment. I just want to do a deal where it doesn't become a Negative amortization for the buyer.