My first property not sure if its a good deal

[Joseph D Chapman]

Hello all.

like I said, single family with the basement as another unit in Northern Colorado. Ill be house hacking it. All the utilities are billed as one household. As my first property kind of scary. (But I'm not scared off) The house is a 2bd 1ba and 1bd 1ba in the basement. The house needs some love and needs to be re-wired. The breakers and all. (they're all knobs) Other than that its in pretty good condition. 

I asked for 5,000 at closing to put towards the re-wiring. If I don't get that it won't be a deal breaker. I will be paying 292k with a VA loan. I will also have 40k from the sell of my first home for reserves.

I guess what I'm asking dose this deal sound like a good deal or should I keep looing?

Thanks for your time.

[Michael C.]

How did you come up with rent estimates? They sound a bit high to me, I’m in Denver and estimate 2/1 at $1500 and 1/1 at $1000 in a pricier market and not a basement. Usually you want a walk out basement to rent separately so it lives like a separate unit, gets some natural light and has it’s own entrance.  
Up north Loveland to ft Collins I think it also matters what side of i25 you are on. West being much more desirable and higher price point. 

Need more info but off the top of my head $5k for a rewire might be low, you also have to rip out drywall to replace the wire in the walls, egress windows are about $2,500 Each installed.   Also how do you get to the basement unit? If you have to go through the main house that lowers both rents even more.