Owner Financing Terms?

[Anthony Power]

How would you set up a owner finance deal in this current market? I'm curious if a seller offered that they would be open to seller financing what terms would make the most sense for both parties, would you go with a short term loan with a balloon or try to negotiate for long term financing? I know that the terms a largely dependent on the the exit strategy but what would you do? I ask because i'm looking to negotiate terms on behalf of the investors in my area, granted that each investor has slightly different parameters, if I can get a general consensus on the topic it would help a lot!