[Calc Review] Help me analyze this deal

[Lamont Marable]

This Project is in Washington DC SE on H St.   The owner said that an investor was will to give him 300K for the house.  That might be true but that's site unseen.  It currently has a section 8 tenant, no updates have been done to the home, kitchen in the basement.  This is a full gut. 

The plan is to introduce owner financing as an option to acquire.  This is the only way I can afford the project.  All the other options I wouldn't be able to qualify as I have another flip I'm 3/4 of the way through.

If you have any good GCs in DC please advise.

Let me know what you think.

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