Owner Financing Offering 6% APR

[Luke Carnahan]

I am just starting to work on a deal for a 5-plex where the owner is offering financing at 6% APR. I am more familiar with APR with respect to credit cards and not so much with personal loans, so I wanted to reach out to the community and see if anyone would have any advice on pitfalls, risks to avoid, or strategies to consider with financing a deal like this. Any advice is appreciated!