To rent or not to rent?

[Michael Widick]

Hello!

Been Studying and learning the game for about a year now. "Grew up working construction" so my self and a partner started our own LLC and just completed our first flip. I am now looking to expand my portfolio and gain my first rental.

Live in Columbus GA and have stumbled into a interesting deal.

1300sqft home

3/2

$15,000asking (house is vacant, dilapidated, broken windows, stolen copper etc..

Asking Price: $15,000

Repairs $40,000-$50,000

ARV $75,000-$99,000

After tag, tax, and title I'm not thinking this is a great house to flip. I have now started thinking about renting it and then BRRRR it. Comps in the area are renting from $750-$1300 and most are only a 3/1 975sqft-1300sqft. So if was able to Renovate it, ask $1,000am, I'd profit somewhere around $800 passive a month. My concerns is that the house isn't in a great area, and I don't exactly have all the capital to complete the rehab atm.

Thoughts!?