I haven't talked to a building company since I am just currently browsing potential properties and analyzing them to get some more experience doing the calculations.But I can't really analyse any deals without knowing how much the refurbishment costs are going to be.I would like to know, what should be on the snagging list to make this into a proper kitchen and also what the approximate costs would be do to all of that.Property details:2 Bed / 1 BathroomCurrent offer: 110.000 PoundsARV: 166.300 PoundsEstimated repair costs: 20.000 Pounds (not sure if this is accurate AT ALL)Offer I am putting out: 96.410 Pounds (based on the 70% rule)Rent: 1000 Pounds per calender month (2 tenants sharing the house, 500 each)The property is located in an area with 3 universities and a hospital, so I figured there would be a good chance for letting this house out with 2 tenants (correct me if I am wrong).Here are the calculations that I have learned on my 3 day property investing seminar (UK based) and have implemented in my calculation spread sheet below.Please comment on the calculations if you see something missing or find odd.

Honestly, owner financing is not something I am not an expert in, so I really can't comment on your strategy, however, I think this is going to be more difficult than you think.As for your REI strategy, I would really take a step back and rethink it.

This is what gave me the idea for the WISP http://www.reddit.com/r/Entrepreneur/comments/2fts...Has anyone done anything similar?

All thoughts, suggestions, comments truly appreciated.

Hi all,Thank you for the comments.  

@Wendy Pattton Thank you for your comment and yes getting creative is the one thing that that seems to be a must at this point.

If issues arise, post them here on BP and get some comments for guidance.  

Love your comment in the other thread about asking why they aren't buying it if it is so good.

Clay,I agree with everyone's comments.

I  was making the 5k comment as a neighborhood comparison.