owner financing retail price

[Ty Moffett]

I'm a new real estate investor. My partner and I have done two rehabs/flips and have two rental properties in Tulsa, OK. I've recently come across a fairly large house in our area. It's 4/2/2 and 2500 sqft. Looking at the comps it's worth about $130k. His previous tenant tore the place up pretty good and he's getting it rent ready again. He wants $139k when he's done which I think is too high. He did say he would consider owner financing. He also has a new tenant lined up for next month. They signed a 24 month lease for $1300 a month.

Normally I wouldn't even consider paying anywhere near retail but it this case, if he would finance 100% of the price for 20 or 30 years at say 2% the cash flow would be from $350-$500.

It is my belief that I can give him his price if he is willing to accept my terms but my partner is hung up on the price.

What do you think?