Old house college town rental investment property pros and cons?

[Geri Wester]

I am learning to analyze deals like Brandon is coaching us to do.

I am analyzing a 3 bed, 3 bath, 2,639 square foot house built in 1900

and for sale for $55,000. ARV could be $125,000.

Needs a new bathroom and HVAC.

This is in a private college town so the students are already looking for a place for this fall.

I am working on the repair costs, and figuring the purchase offer value.

Any comments you would like to add?