Concerned About Providing Seller Financing

[Craig Sloan]

I am considering selling a mobile home park that I own. There are 31 lots. 24 lots have homes on them. 19 of the homes are park owned and are being sold on contract. I have a prospective buyer, but he wants seller financing with a 5 year balloon. My concern is that the park will be mismanaged during that 5 year period, they will not complete the contract and we will get back a less profitable park than I currently have. I'm looking for suggestions on ways that I could protect myself/my property and increase the chances this deal will be closed at the end of the 5 year seller financing period. Thanks in advance for your advice/assistance. 

[Joe Villeneuve]

One suggestion would be to take a large enough sum of money upfront to make sure the buyers has enough money at risk to not screw things up.