Short term gain on flip

[Harry Gamble]

I bought a house for 170,000 with the intention of renting it. I now have someone interested in buying it if I owner finance. I can sell now for 200,000 to the buyer, who will put down 15 % as a down payment, and amortize the remainder at say 7% over 10 years with a balloon payment. However, I’m wondering if I should structure the deal as a lease or lease purchase at least for a year to avoid short term capital gains, or is it not that big of a deal if I can get a 30,000 profit as well as interest? The alternative is to structure the deal differently with the prospective buyer, or to not sell at all and rent. I wouldn’t have a problem getting a good tenant in, and the house would likely appreciate over a rental term. Any input is appreciated.