FIRST DEAL possible?

[Joe Farruggio]

Man. it' s nerve racking when you want to go in, but you're questioning yourself. 

great up and coming neighbrohood. lots of activity. Restaurants... stores....

it's a 5 min walk to the metro north. Apt needs $20k worth of reno to make it absolutely mint. Neighboring rental apt building is at $1900/month. Homepath is asking $171k, Im thinking to offer $165k. so I'd be in for $190k. it'll take me a month to get it done at which time I'd market it as for sale @ $239k or rent at $1700. Taxes are $265/month, HOA is $275. even if I rent it I stand to make $500 month (correct me here if Im wrong). What do you think?