First Owner Finance Deal?
Two questions I must pose. If the buyer defaults on an owner finance deal do you have to go through the normal foreclosure proceedings or can you just evict? What is involved with closing a home that you are financing?
Jim 
Do not forclose the home you are financing, find another tenant, and then sell the mortgage your financing to a note buyer. Then you will ahve all the cash up frontand the note buying company will deal with the tenant for you since his payments will be made to the note buyer not you anymore.You'll be home free Lassie!!