New Duplex-Help Analyze Deal

[Blake Harper]

Looking to buy first deal and need help analyzing it. 

Property Details-Asking price $202,800. (Lets say the bank doesn't budge and I buy it for this amount and seller pays closing costs).

Foreclosure! Duplex 2 bed/1 bath and 1 bed/1 bath with 6' fence around entire property with gate and private pool area. Units need repairs and updating. Great location and short drive to dining/beaches. (This is the listing for it)

I would be using a VA no money down home loan. Got pre-approved up to $300k.

I would be living in the 1/1 (Owner Occupany required for VA loans). Could rent out after a year at $1,150.

I would be renting out the 2/1 for $1,500.

Used a VA Loan Payment Calculator=Monthly Payment=$1,146. Includes-P&I, Taxes, and Insurance

Doesn't include vacancy, water, electricity, cap ex etc.

Property looks like it needs anywhere from $18k(low)-$25k(high) rehab costs. Not sure how I would go about getting this money to pay for the repairs......

Property is in a good neighborhood in Fort Lauderdale, FL

Need help analyzing the numbers to see if it would work for me in the long run.

Thank you in advance!