Is this deal doable for a first-timer?

[Teowonna Clifton]

Hello. First-time investor here looking to score her first deal. Here are the facts of what I’m dealing with: I’ve found a duplex and single family all in the same deal for less than 55k. Property will require some repairs, of course, but my brother is a carpenter and will handle all of that. I have access to 5k (in an IRA) and no other cash. I also have about 25k in equity in my primary residence (mobile home on 2 acres). Credit score is pretty good... between 670 and 690 but my debt to income ratio is high. Here’s my question: Is this deal doable? A partner might not be readily available. When fully rented, properties will bring in at least $1500 per month. I’d like to get one unit ready for rent immediately and do the others along and along. How can I make this work? Is it an advisable deal to pursue or should I get my debt2income ratio down and wait for another deal? Thanks for any guidance and strategies you can give.