Need advise on my first seller financing purchase in TX

[Jeremy Jackson]

Hey BP'ers!  I'm working on negotiations on my first owner financing purchase.  In short, I gave the owner 3 options (verbally) and she seems to be more interested in the seller financing option.

I'm doing the walk through tomorrow and we'll discuss further.

My questions are specific to details of this sort of transaction.........

Anything special need to be in this contract for seller financing?

Attorney drafts up the contract?

Am I mailing a check to the seller monthly?

Who keeps track of remaining balance?

These questions seem kind of silly, but I really have no clue. 

Any help is appreciated.