How to negotiate seller financing

[Chris Shuptar]

I wasn't sure where to post this, but some tenants of mine have expressed interest in buying the home after their 3rd year of renting (which is coming up in September). This unit is a pretty good money maker for me, but I have so much equity in it that I'd consider selling it to them and using that money to go buy two or three other houses. They are great/reliable tenants and good friends of mine for the last 15 years. I'd be more than happy to offer them seller financing and I want to give them a good deal, but how do I present the deal and how should negotiations begin? I've never done this before.

[Tom S.]

@Chris Shuptar "selling it to them and using that money to buy 2 or 3 other houses" and then the statement "they don't have much money to put down" seem to contradict.  Can you please clarify?  

Thanks,

Tom