Don't even think about it. I sold a rental house on contract to a couple I'd rented to for a few years who always paid. I lost interest in rentals and wanted out. They paid good for a couple years. I got divoreced. I had to pay my wife $10K for the equity in the house (which I owned before we were married). They quit paying. In my state, the law says if they haven't paid 20% of the sale price yet, I can kick them out and they loose their equity. They were a few hundred $ below that level. Great. I went to a lawyer to make it happen and she says "well, since they are close to being above 20%, the judge will give it to them. You'll have to foreclose". So I foreclosed. A few months later, they filed bankruptcy and will not relinquish the house. Meanwhile, they took off, leaving the house, yard, and garage full of trash, ripped out the fixtures, furnace, etc,etc. . The city condemed the house. I had to clean up the yard and keep the grass cut just to keep the city off my back. There are back taxes and sewer bills owed. It could take months/years and thousands of $ to resolve the foreclosure/bankrupcy. I haven't had any income from it for 2 years. I can't sell it. I can't fix it up and rent it. I can't do nothing but bend over and TIUTA.
The law is not on your side. They protect the scumbag deadbeats instead of taking them out and shooting them in the head.
Good luck