Creative/Seller Financing with a side of Capital Gains

[Erin Johnson]

I need all the creative ideas for seller financing.  I have leads for purchasing multiple properties from one seller who is looking to get out of the rental investing realm.  They would like to draw out the sales over the next few years to avoid/spread out some of the capital gains tax. Ideally they would like to remove themselves from the rent collection, phone calls, tenant screening/replacing and maintenance.  

Currently I could buy the first unit conventionally through the bank with a 20-25% down.  I would not have the funds to do similar financing for the remaining properties.  I mentioned seller financing where I would pay the seller monthly installments (removing the hassle/work of land lording) and possibly having a balloon payment at the end of a set term.

What other approaches have you found successful in a similar scenario.  

All the best,