Owner Financing Help

[Brian Meyers]

I will be making an offer on an off market 4plex. If the seller isn't interested in my terms with FHA or conventional financing, I am going to offer him a more beneficial-for-him seller finance option. He is up there in age and owns multiple ventures so I feel he may be interested in the latter if it comes down to it. Each unit is 2Bed 1Bath and rents for $650/ea. I have never done a seller finance deal before and was wondering if someone could show me how their current seller finance deal is structured and anything they would avoid a second time around?

Thank you