I would be careful if you are not experienced in flipping because holding costs on a property of that price point could be pretty significant.

Your actual return on that property is pretty abysmal as a cash on cash number. 

I would be curious to know how many investors are really purchasing residential real estate deals with owner financing...The idea of owner financing in the context of a residential property has always seemed to me to be a bit of an urban legend; something promoted by so-called gurus to new investors hoping to get started buying deals with "other people's money" and no capacity to get a loan from a traditional lender.Let's consider the the most basic version of owner financing:  Buyer agrees to purchase property from seller. 

this is just the real estate version of the Nigerian prince scheme we have all seen over the years... they use BP   Linkdin  facebook  to troll for those that ask for money then respond.. and believe me it works with not only newbies but real estate professionals as well.. some of the better scammers are pretty good at this.I suggest you watch this one episode on American Greed.. its was on Remmington financial.. and you can see how pervasive fake lenders are ..

I’m doing a closer analysis and the cap rate is pretty good.

He is pretty experienced investor with 10+ years of experience.

@Anthony McEvoy speaking with her, she seemed pretty set on a number in her head.

Pretty excited for this!

. $20k in reno to add another room is a pretty bad ROI - I'd rather take on a full rehab with a higher ROI, likely.

It's pretty profound of how relevant those books are today written in the early 20th century.