Low Equity Seller Finance

[Max Mac Phail]

I am selling my house FSBO in Texas and have a had a few potential buyers ask if I am willing to seller finance. I am in a low equity situation and still need to be able to pull money out of it. Would this be a sub2 type deal or how do I structure it? Depending on the valuation, which is all over the place I have have as much as 15% equity to as little as 4.5% on an FHA loan. Listings recently seem to be pushing the higher end of the valuation.

Second part, Do I ask for the equity as a down payment or is there another time to ask. I also have a lender that is willing to work with me to pre-qual potential buyers.

Thanks