I did not follow your math but the idea.  

Do the math and trust the numbers.

My rough mental math says this is a killer deal.  

There are a lot of GENERAL financial math courses that are out there to purchase on various sites, but I want to come up with a curriculum to teach them specifically real estate investing and have it be part of their schooling for next semester.My goal for my 14 year old for next year is that he goes from very limited knowledge (almost none) to closing a deal on a rental at year's end. 

Above $250K and it's more difficult to generate positive cashflow because it's harder to increase the rent above $2,000/month.Here's the simplified math of the profit calculation for rent to own:110% x $150,000 (ARV) = $165,000 (option price)You can get $5,000 or even $10,000 down on this house and charge $1400/month rent. option price..........................................$ 165,000lessacquisition+rehab cost........................($120,000)addCashflow ($400 x 12)

Do your homework.

From most of my homework I have decided to try to get someone from the Philippines.My main question is how to set up a local (US) phone number so the VA can take and make calls. 

Hi Brandon -  The process starts with "increasing your financial intelligence" ... do your homework ... begin by reading BP's Ultimate Guide to Real Estate Investing and pick your niche.Welcome and good luck.

I am good at science and math even though I hate the subject, but someone in this blog encourage me to follow my passion and change major to econs and hopefully get real estate license in near future.

This buyer's MAO is (75% of ARV ) - repairs which turns out to be $274,650Seller will walk away with $84 - $85k and avoid foreclosure.End buyer agrees to list with me @ 6% after the renovations are completed.Assuming I did my math right ... what do you think.