Contract for Deed vs. Mortgage

[Dan R.]

Does anyone have any advice on the pros/cons of providing seller financing via a contract for deed vs a deed of trust? I've purchased property with seller financing using a deed of trust, but I may want to use a contract for deed as a seller. I'm interested in minimizing time and expense in the event of buyer non-performance. How should I have the buyer insure my equity with property insurance....is additional insured the correct route?

Thank you.