In my opinion, the L/O in this case, does not give you enough protection based on the significant Option consideration you are paying.

The origination would be based on a $300,000 loan amount.      

This is not a matter of opinion, this is based on a ton of research testing and evaluating.You don't just "give" your website when a seller asks. 1) They are not going to ask.

Consulting with an independent insurance agent can also provide personalized recommendations based on your situation. 

Which would require you bringing ~$25k to close. your plan seems smart and based in the reality of our current economic conditions.if you would like additional info about what's available in my midwest market, including analysis of possible acquisitions, reach out to me.

If you want an agent that is on the ball, hire based on their experience and not their personal relationship with you.3.

However, this metric varies based on individual investment goals, market conditions, and property types.

Do I simply jump in with a rental that would (based on the calculator here) give me a 16.56% CoC ROI and move forward from there?

@Joshua Randall, I would say there is an underlying knowledge base needed to properly assess and manage contractors.  

You might have wonderful memories of grandma’s house and know it’s incredibly safe based on fond memories of playing cops and robbers with your friends at night, but guests have their own point of view.