I'm i considering the wrong deal for my first deal

[Kevin Kopf]

Hello,

I am considering a property for my first deal. Here are some particulars that meet my requirements:

3br/2ba

All brick construction

Small yard

Off street parking

Within walking distance to downtown

Good schools

Within 30 minutes of two major cities

The bad - it needs a total redo including roof and likely needs a french drain in the basement. House has cement walls currently and the roof has been leaking for undetermined amount of time. I'd buy it rehab it and turn into a rental or try to flip it. This being my first deal I am very concerned this is too much to work through and I am biting off way more than I can handle just getting started. 

Appreciate input from the group on the best way to move forward with the purchase or should I walk away?

Kevin