HELP!!!! First Purchase!!

[Rhonda Chapman]

I am trying to make my first purchase and have no idea what I'm doing. I literally know enough to just get me in trouble. Based on this information is this a good deal for BRRRR? The house is a foreclosure and is on the market for 100,000, taxes are 2,240/year…estimating that insurance will be around 1000/ year. I am estimating about 15,000-20,000 in repairs. I should be able to rent it for 1,000/month. I will be financing this purchase with a 20 year term, 15% down and a 5.75 interest rate. I will also refinance this with a 5.75 interest rate for 20 years and I think the house should appraise for at least 135,000 after refurbed. I will appreciate any advice!