I am selling my nicer rental homes. Is 25% down enough if I carry the notes?

[Brian Stutzman]

I have a few properties.  Right now I have a 5 bed, 4 bath, 3 car on a cul de sac in a nice neighborhood and my tenant is moving out of state.  I have owned the home since it was almost new and it is now paid off.  I am thinking of listing it for sale but was approached today by a local investor who was really pushing me to carry part of it or all of it.  The home is worth about $430K and in todays market I was hoping to clear $400k   I was looking to put it all, after taxes, in a mutual fund.  But if I carry the note, would 25% down be enough to protect me?  Carry 300K for 30 yrs at 6%?  It would certainly cash flow if he could come up with $100K down.  What else besides being cashed out would you consider?  Who has carried?  how do you do escrow for insurance and taxes?  What do you look for in a new buyer you might carry?  I have two more properties similiar value or slightly higher I will want to offload (I am getting older :)) and the total value is about $1.3 mill.  He may want all three.  is $300K down enough on $1.3 million total?  Thoughts?  (Area rents have gone up, I am under by at least $200 per month on each house).  Thanks!