Looking to BRRR a local deal. What Should I Consider?

[Haytham Al-Rabeah]

Hey, all -

I've done a preliminary search, but I don't have a ton of time to sift through everything right now. I'm looking to BRRRR a local duplex (2/2) that's stripped to the studs right now. It comes with materials to complete the job. Not sure what happened there.

The price isn't bad, estimated at $100K, including reno. What steps should I take before considering signing a contract?

This will be my first investment property, BTW. Thanks in advance!

[Haytham Al-Rabeah]

@Jaron Walling - The estimated ARV is ~$150,000, rent is ~$1,400/mo, taxes should be around $1,000/year. It was built in 1945, which may be a clue as to why they bailed.