Potential first deal!

[Matt Brust]

Hello! My names Matt, I recently decided I wanted to get into the rental business and build a life for my family and I. I think I have come across my first property and I'm seeking advice because I feel a bit overwhelmed. But I'll jump right into it. The property is a 4 unit apartment building that needs a full rehab. Windows, doors, floors, you name it it needs it. Asking price is $20,000 with a ARV of $162,000 with 90-110k in rehab costs. Estimated rent is 1700-1900 monthly. It's located 1 block from a hospital in a fairly nice neighborhood. The city itself is small, only about 12,000 people. What I was thinking is come in with a $10,000 offer for the property and use a hard money lender or find a partner/investor for rehab cost and go 80/20 or whatever split is desired to make the deal happen so I can get the experience needed to do more of these in the future. I'm sure I missed a lot of information and please feel free to ask questions. Thank you for you're time, any advice is welcomed!