Need Help Analyzing This Deal

[Deadrick Colbert]

Hello BP, I need help analyzing this potential deal. A bird dog that called me with this lead today.

The house is a 3br 2ba ranch, sf is 1740, tax value is assessed at 150k. House is in a good subdivision in upstate South Carolina. Previously rented for $1100 per month. There are 3 comps recently sold in this neighborhood. They were for 169k, 189k, and 190k. This seller is asking for 194k. He told my bird dog that he is open to owner financing it since he owns it free and clear.

I've not that experienced with lease options or owner financing. For those of you that are, what are your thoughts on this deal? What questions should I ask the seller and what monthly rate should I try to get it financed for? Please feel free to ask any questions that you may have and I will do my best to answer them.