need help to figure out how to do my first real estate

[Guy Roberts]

property owner wants 450,000 which is about 75,000 over market value rents in the area are between 1,600 and 2,500 if seller will agree to seller finance my first offer is 375,000 at 0% with 10,000 down and 1200 a month payments I have no Capital so I will need to get a 12,000 Dollar Loan from the bank $2,000 will go straight to rainy day fund to cover vacancies and repairs my second offer $385,000 at 0% interest $10,000 down and $1,200 a month payments third offer $395,000 at 0% interest $10,000 down and $1,200 a month payments fourth offer $400,000 at 0% interest $10,000 down and $1,300 a month payments final offer $400,000 at 1% interest $10,000 down and $1,400 a month payments I will rent the property for $2,000 a month with an $1200 deposit income $2000 - $1200. house payment - $200. bank loan (12,000) - $400. rainy day ------------------------------------- $200. cash flow