You have to look at the points as being a percentage of the total loan which would include the purchase price and the rehab.

I would also include 10% for property management fees even if you manage yourself.

It includes both gallons used and cost.  

Just make an offer with them financing the deal in the offer, including interest rate, down payment, amortization schedule and (for emphasis), what you'll pay in interest. 

You must have them fill out a application for including providing their SS# and all other information needed.

Basic details of the refinance I'm being offered:Interest: 4.5% up from 3.25%PMI: $0 down from $281Total Loan Value: $240,000Monthly payment including tax and insurance: $1,524 down from $1769I didn't catch the closing cost total, so I'll need to follow up on that.

That doesn't include the 3 points at closing and additional closing costs, etc.They all seem to be about the same.

The property appraised for $41,000 and i will probably shoot for this number for a sales price with $3-5k down.The one bedroom will rent for $600 with all utilities included and will make the owner occupants payment. 

(The one that everyone, including me, knows)  Never pay more to a contractor than you should based on completion.  

But....I included Dave above because he can confirm a thought I have in mind.