Any one offer owner financing as part of their income strategy?

[Glidden Rivera]

I think becoming the bank presents an opportunity for me but also to help people.

Currently I have a tenant who has some credit challenges, they have occupied my property almost 5yrs with no missed payments, no headaches, they love the home and take care of it as if their own. I am going to refinance it 80% LTV. I am going to give them a mortgage at 9.9% amortized over 30 years. Their rent will remain the same ( but they will own and can refinance once they are able to get a mortgage)

Additionally, they have a 10k down payment to apply to the principal, I will cash flow 348.00 monthly. If this works, I would like to do 100 transaction like this. Thoughts, objections, ideas greatly appreciated