I have a Seller Financing question

[Ralphy Rosado]

Hello BP. 

Well to start I am curious in owner financing one of my houses to my tenant. She is a college student and has a full time job. She was interested in my 15 year mortgage plan I has offered her. And she think its great and she has a lot of friends who are looking to buy homes the same way. 

At this moment I am renting my property out for 900 a month. I am have use my mortgage calculator and and everything tends to look find. Where I am stuck at is I don't know if its a smarter idea to add the taxes, insurance and water to the my mortgage seller Finacing payment or should I aloud her to pay that on her own. My worry is what if she doesn't pay the taxes later in the future. Can the city take my property that not I am not fully pay for by her.  

Also if I don't put insurance on my contract what if the house burn or etc. 

I am just extra cautious because this will be my first seller financing. Also what is a fair and legal interest rate that I can charge this tenant buyer. The home isn't in the best area of Rochester NY but also not the worst. I believe I can charge harder because its not the best area and I carry more risk of my house being damage if they don't pay and I have to foreclose .

Well thank you every one