Conveying home to child and retaining possession.

My husband and I are both 65 and own our home in Texas. Our son has offered to purchase the home as an investment. We would carry the note for the purchase and continue to live in the home and make improvements and maintain the property. This would give us income and allow us financial freedom. What type would this conveyance be? What do we need to do to protect all concerned. - Is this your question? Add additional information