I was told the reason for this was it saved loan fees.

I plan to refinish them and save a few bucks because I budgeted for vinyl plank flooring that I was going to install myself. 

Keep reading BP, save some roommate money, and buy another house if you want to be a landlord.

Went to HD and compared the look of Allure to a higher quality laminate and decided this house was too upscale for Allure--save my test case for an apartment.

Go to local REIA meeting to find people who are looking for hard money lenders or post an AD online.

Save yourself time and money, understand how to properly value a deal (which includes assessing the risk as well), keep it simple in the beginning. 

You can just click Print and then save the 'Results Grid' as a PDF and it will basically show you the same thing.

I have an excellent day job that will afford me time to research and find properties (online) but i do not have any money for a down payment right now and am trying to dig out of CC debt right now that was necessary for me to buy my own new house and move.I gave my other house to my wife, we are amicable.

David Stone unless you have a huge deposit saved up, banks are unlikely to approve a mortgage that size on a $22k/yr income.I say take the owner financing even if it is 3-4% higher than bank rate.

I have been on BiggerPockets and learning for a while and now really focusing on saving money for down payments and reno/rehab.