First Deal Need Help

[Lisa Foster-Bryant]

Hi BP Community Need your help! First Deal on the table (YEAH!!!) Trying to not have the Analysis Paralysis the deal looks like this:

Condo, 2/1, 1174 sq ft $8 per sq ft

Free and Clear 

ARV $26,300

Asking 18k

Avg Comps in area sold for $36,800

Rentals in area Avg $758

Condo Fees $220

Seller has done 85% of all repairs already.

Is this a good deal? One other thing all comps are 2/2 or 3/2 does that play a role in this being a good deal or not? HELP BP

[Account Closed]

Who is the seller? If it's an investor, I'd stay away. It is a red flag that it is being marketed to you as an investment opportunity with "only paint" left to do. If it was that easy, the owner would finish the job himself and max out the equity in a retail sale. Also, I agree with 

@Account Closed on pricing. Must be really rough area or really far out in the burbs.