Fun negotiation...opinions wanted

[Derek W.]

Today I met with a charming and intelligent lady at her sisters house. Her sister recently passed away and she is the sole heir and executor of the estate. We visited and talked for two hours at which point she agreed to sell me the house. We both agreed that she will carry with no down payment as the house needs some repairs before it can be rented. I will rent it for $700 month. She told me that the I/YR (5%) and the PV ($30,000) were non-negotiable but I can choose the N, PMT, and FV. Anything I want! Deferred interest, neg-am, anything! (Within reason, I'm sure) I'm just curious what y'all would choose if given the same choice. Taxes will be $781 year insurance $480 year. I know what I tend toward, but am interested on other's thoughts.

[Derek W.]

It's just financial calculator speak. On a financial calculator across the top is N for number of payments, I/YR is interest rate, PV is loan amount, PMT is monthly payment, and FV is amortizing of the loan.