Help analyzing a deal

[Brett Wagner]

I would really love some help analyzing a deal that I was offered. 1st time buying real estate (except for personal home). 2 single family homes (across the street from one another). Valued at approximately $60,000 each. Owner is selling them to me for $65,000 for both. They are lease-to-own with the tenants paying $600/mo & $650/mo. They currently have approximately 6 years left to pay before the house becomes theirs. I haven’t seen the inside of them yet but I don’t believe that there is too much in major repairs needed but I will verify to be sure. Owner said just cosmetic. I really only have about $3000 for a down payment so I will need to borrow the remaining just to get the down payment (possibly a HELOC?). Rates I’ve been getting are 6.5% on 20% but variable not fixed. Right now I’m just wading through the waters as this is all a bit confusing right now. Any help would be hugely appreciated.