Seller finance monthly payment tax and withholdings at sale

[Mike Flora]

Have a great deal I'm about to get into escrow and have a couple questions. The different 593 forms I have read are a little confusing and mainly this is for the seller and what he wants to have at closing of this deal. So............ My down payment is going to pay off his HELOC on property and we are paying all closing costs, so no other fees and he wants to take home 5K after everything. Since this is a seller finance deal and he is carrying the note is there going to be the 3 and a third withholding of the sale price still??? Also is there a way to not withhold the tax money from his monthly payments and have him just pay for his taxes at the end of the year so I can give him the same check amount every month. This is not his primary residence and I'm making principal only payments to him.