Setting up an owner finance deal

[Brian Price]

New to RE investing. Put my house on the market FSBO 5 mo. ago. My thought being, how do I gain experience if I just list it with an agent!?! Most inquiries have been from other investors. So I added "possible owner financing" to the listing and got a fish on, now what!?!?

Can someone tell me how to structure an Owner Finance deal?

As I'm writing this, I'm not even sure if it's doable! I have $170,000 mortgage at 6%, with a pmt of $1850/mo plus $100/mo HOA, taxes & ins. and my asking price is $289,000.

Any advice?