Advice on my first deal aside from my house hack!

[Travis Boissonneault]

Hey there everyone, so I have my first creative deal I’m putting an offer on and would love a bit of input. The deal is in Peterborough, Ontario and this is scenario 1. $150,000 of private money at 7% and $125,000 of seller financing at 5%=$1654/m payment with $846 expenses. Now here is my question, I have taken my vacancy (5%) Cap X (3%) and repairs (5%) which was a $318 total and cut them to $150 for the first year until I refinance. So that’s 1654+678=2332. Monthly income is 2450 which with scenario 1 leaves me with $118 cash flow but gets me into this deal with zero money down. After year one once I refinance @4% I bumped the number back to the percentages given above which works out to expenses $846+1297=2143 for a total of $257 cash flow. ARV is 340 which was on a low end for refinance leaves me at 272,000 for bank to refinance and have to put zero dollars down to do so. What do y’all think?