Need some Advice! Potential first Buy.

[Juan Garcia]

Hello there my fellow BP members today I come to you with a favor! I recently contacted a home seller in my area selling a property for 13,500 owner financing or he'll do 7500 cash! The home is a small home 800sq ft 2bedroom 1 bath. As you might have guess the property needs some work! I've come up with two solution one fix it up and flip it but I feel like the area that it's Lombard wouldn't be a good one to invest in. Now my second option is to fix it up enough so I can rent it and get about 600.00 monthly for rent! What do you guys suggest I do before I go forward with this deal! What kind of questions should I be askingThanks guys!