Structuring Owner Finance deal with an a note sale exit strategy

[Michael Finkelshteyn]

There is a 3/1 property in Houston being wholesaled with the following information:

ARV: $50k

Repairs: $27k-30K

Rentals: $600-$750 ( I don't believe these numbers)

This deal doesn't make sense as a rental to me, but I was thinking if it would be possible to structure an owner financed deal to an owner occupant and then sell the note to a note buyer.

Below are some rudimentary calculations. I have not included holding costs for simplicity (HML+insurance+property taxes+utilities+etc.). This is more so an exercise and I'd like feedback on how notes are properly analyzed.

If possible, perhaps I could complete some "Lipstick" repairs for $15k-$20k.