Owmer financing structure

[Scott Royer]

My tenant of 3 years is interested in converting his next lease renewal to an owner finance purchase and I was hoping someone might have some examples of what they've done in the past. They don't have the cash to do a normal down payment. Some relevant financials are below...any help from the crowd would be appreciated as if like to explore this and do a 1031 in two years. Current rent - $850 Current property value - $75kish No current mortgage Located outside Houston and appreciating at around 4% a year If tenant moves I'd do maybe $20k in renovations to update kitchen, floorplan and exterior siding but house is functional