First BRRRR using owner financing is it worth it

[Bryan Price]

I have found an owner financed property that is negotiable for 145k at a 6.5% interest rate.$3000 down and $1205 per month for mortgage with taxes included but not insurance. The ARV is 235k and I am estimating rehab cost at 25k. I plan to put the down-payment down and hopefully have it rehabbed in 2 months, then refinance through navy fed for 80-95% of the ltv, rent the property for 1500-1700 and use the money gained through the refinance in order to continue investing. Does this sound feasible? Am I being overly optimistic or missed something?