@Chris Music Thanks!

I know @Chris Music from meetups (and saw your ad on CL today ;) how's it going? 

My best guess at the moment is that I would execute a PSA with the buyer and then use a title company to create the note and security instrument, issue title policies, and record the deed and security instrument. 

You also have the problem of compatibility.A business won't tolerate loud music or stinky cooking that wafts into their shop.

@Chris Music you should need just a one page assignment to add to the original contract.

The issue you have as Mark said a 40 year contract for deed is not an attractive instrument.

Another thing to keep in mind is that a properly prepared note is a negotiable instrument and so you should only have the one original that you keep in a safe place.

I do have experience in mortgages and note purchases as well as levering notes via hypothecation.You really need to have an idea on how mortgage/trust deed law works and have someone on your team of 3rd party providers who knows how to draw up these type of uncommon, but completely legal, types of security instruments and notes.

Any version of a security instrument in between, that's over 180 day, will not be favorably viewed by the courts and the tennant could ask for a full refund of all payments made.

This information was music to our ears because it means that despite all the stress and financial overages, we are not underwater on our house...and to me that is success!