Offer structure for a house mid-rehab

[Ivan Schmidt]

Here's the situation:

The house across the street from my medium term rental just got bought by some flippers and they're gutting at a rapid pace. I have the contact info for one of the investors and want to make an offer. I'm a rookie with off-market deals and wanted some advice before I make the call.

•  I have ~ $50k to throw at a deal
•  Sale price will probably be about $200k
•  I can cashflow >1% faster than anyone else in the area
•  Probably won't qualify for a conventional loan due to travel nurse income
•  Excellent credit and solid income

Offer 25% down owner financing with a one year balloon and DSCR once I get it rented? What terms would be enticing to a flipper? Obviously need more info from the investor, just want to have a plan before I reach out.

Thanks!