However he's at around prime + a quarter with a half percent underwriting fee.

I guess what I was trying to get at is knowing what the person is going to do with the property after I'm able to sell it to them to me I imagine it would be the difference between a wholesale deal and selling the house over the original $20,000 that I had suggested in the scenario meaning of to 70% value rule and technically the house we need to be sold somewhere between 150k to 200k.However if it's just a cash sale and it's bought at 20k fixed up with 40k and resold for 120k then that's a 50 percent profit then minus expenses and holding costs as well as insurance and closing fees and such....

I’m not sure how long it’s lifetime is and whether or not it can be counted on to cash flow.

@Ben Newidouski. 25 percent down is definitely the way to go

How I would like to position the deal equity wise is 10-20 percent equity, and I shadow you as you go along this process.

@Jason Martinez you’re going to find out real quickly as a long distance owner you don’t want to be paying that 10 percent markup.

Should I buy it myself- with a conventional investment loan at 20 percent down? 

I'm going to utilize a zero percent interest credit card to float some of the cost until the bank draws are in, but I have cash reserves if needed.

I got a mailer recently from a company (that I don't want to be accused of promoting) which offers to give you an equity loan with zero percent interest and no monthly payments.

You didn't mention any of the terms with the seller, so I can't be 100 percent certain that this is a good deal.