first purchase need advice

[Andy Ballester]

Thx for all past advice from from BP members been on site for past few mths and, have been anxious to invest for quite sometime. I have just had an accepted offer it is a foreclosed fannie may property it is a 2 bedroom 1 bath 1250 sq foot property needs approx 5-6thou worth of work all cosmetic was recently lived in 4 mths ago it use to be a 3bedroom wall was taken down and now unfinished 2 bedroom new drywall but it looks like, hate to put it this way half assed work. Originally listed at 25000, offered 19000, response of 24000, I reofferd 20000 agent just called and said offer has been accepted. Obviously contingent with inspection and title search. In a few hrs I meet with agent he told me to bring check for 2000. Im assuming 10% as down payment. Property is in C+ neighboorhood and after repairs should rent for 7to 750 per month taxes are 100 per mth insurance assuming around 80. Im sure this property meets all the rules ques is my first major investment, what do I ask, what do I need, and am I missing anything thx for all advice.