Slr Finance Questions - R E Contract

[VAL A.]

I'm doing a seller finance and have some questions. I have $70K equity in a SFR that I've just remodeled in past 2 years. Sales price is $245K, interest rate on the wrap is 6.5%. Will use an escrow to service the REC and piti will be paid to the escrow. Regarding the taxes....I thought the buyer just paid what my taxes were....but I read something on the internet that said the buyer should notify the county of the sale and to put taxes in their name? Could someone clarify? Also, what are the considerations I should look at if I want to sell this wrap? Can someone give me an idea how long I need to carry it and what the discount would be? Any other points of consideration that may come to mind for me to look out for would be appreciated.