Selling an investment property contract for deed
One of my tenants asked me if I would be interested in selling the my investment property on a contract for deed basis. I don't have any specifics yet. My questions are what are the pros and cons of selling the property this way? What risks do I bare as the seller? What do I need to ensure is in the contract to minimize my risk? Why would he propose this option vs buying it straight out? Are there any good websites to learn about this process?
Any help would be greatly appreciated.
Thank you.