Seller Financing Wholesale SFR in Missouri

[Austin Faux]

So I got a potential deal that works because the owner is willing to seller financing.  The property is located in Springfield, Missouri.  I was originally approaching the deal as a straight cash deal and I would wholesale it, but the numbers don't work to cover her mortgage.  But she is willing to seller finance it as long as her monthly payments are taken over.  Here is what she is willing to do:

Monthly Payments: $850/m

Purchase Price: $88,000

Term: 72 months

Rents for homes a bit smaller in Springfield are going for $1,000/m and they're not rent to own.  I was thinking this deal might work as a sandwich lease option with a tenant/buyer at:

Monthly Payments: $1,200/m 

Sell Price: $92,995

Option Fee: $10,000

Term: 36 months

Proft (36 months): Rent: $12,600 / Sell: $4,995 / Option: $10,000 = $27,595

Profit (72 months): Rent: $25,200 / Sell: $4995 / Option: $20,000 (2 Renters) = $50,195

I was also thinking this deal might work as a "lease option" wholesale since I live in Colorado and it's out of state for me.  I would simply turn the deal over (minus the renter) for an assignment fee.  That other investor could then find the renter and charge them an upfront option fee that recoups my assignment fee upfront and gives them some additional money up front.

Let me know what you guys think!

Thanks,

Austin-