My First Creative Owner Financing...Need some Guidance

[Alexis Zion]

Hi All

I ran across a property the other day  that has been on the market for about 400 days. 

I have been to the property its in an okay area.  It was remodeled from a small store to residential units.  Plus seperate units on the back

 The owner is willing to finance the whole amount. Which is what is making me interested. 

I was thinking of proposing the following

the first 5 years principle only, with a refi-at the end/or not... I would love to see if he would go longer..What do you think?

I would like to ask for either money off or a credit for some needed work?

Who would be the company/custodian who would receive/disperse the "mortgage" payments?

Any other things I am not thinking about?

Any other ideas on how I could structure this?

Thanks

Alexis