Seller Financed deal

[Christopher Williams]

Hello everyone, I have a deal in place now that I would like your opinions on. I have a contract on a vacant property (wholesale) I am now thinking about using the seller financing option instead of a flip. There is no mortgage or lien on this property, and the seller just wants to get rid of it before vandals target it. The property is in excellent condition but not in a high valued area. I'm thinking about 2k down and paying the seller 400 a month for 3yrs. The property will only rent for about 650, I was considering using the lease option agreement with the tenants that I find. What do you think? All opinions are appreciated!!!!

[Christopher Williams]

thanks for the reply @john van uytven, roof is 2years old, new central air and water heater, all appliances are fairly new and will remain with property. Foundation is good for the home being built in 1959, no sign of big issues. Only needs fresh paint an a tenant.