Is owner financing good?

[John Morgan]

I see owner financing homes listed on Zillow selling fast in an area of a class C property I own in Ft. Worth. I own it outright and would love to get rid of it vs renting to lower income people. It seems like owner financed properties sell for about 10% more in price. Is that true they usually sell a little higher? What are the downsides to doing this? I assume I have to claim my monthly payments as income? Do I have to pay capital gains on the sale? I will probably make around 50k profit on this if I sell it. I just don’t know what the advantages of doing owner financing deals are. I see a lot of homes listed like this and they seem to sell quick. I don’t need the money right away. I would be happy to get paid each month over 15 or 30 years.