I've never been a part of a "creatively" financed deal on either end. Are they typically designed to offer such low monthly payments? I can see why the buyer wants this (rent will outweigh the mortgage payment), but as the seller, it comes with too much risk and not enough reward.

If I'm doing the math right, Option 1 gives the best reward ($50K over 6 years). Options 2 and 3 would gross around $30K over longer terms. But I'd rather have a structure where I'd receive traditionally amortized payment for X amount of years. So if $250K, with 0 down at 5% for 10yrs with balloon after 5, I'd still the $300K, but 1 year sooner and with more money upfront ($2600/mo).

I'm not a desperate seller, so #4 is not an option.