Deal or No Deal

[Tony Bui]

I’m in the process of considering buying 2bed/1bath home 1200 square feet home. The owner will sell the home at 90k As Is. 90K is a fair price maybe a bit below market. The home will probably rent for at most 900 a month. The sell will also do owner financing at 6.5 percent.  I have done the inspection. The home will need a new sewer line soon (about 7-8k). The home will also need termite treatment and new circuit breaker box.  I’m pretty torn, whether to move forward with this deal or not. This will be my 2nd investment home. Any advice would be great.