Working on First deal - Your thoughts?

[Michael Aanerud]

Hey Everyone. If you don't mind, can I bounce a deal of everyone? Would love to read your thoughts on this. The property is located on the Central Coast of CA and is one of the cheapest homes within a 2 hour drive. Great community. Great location. Healthy HOA. Emerging market with positive future.

Home= 1973 Modular home in lake community. 

Purchase price  = $130,000

HOA = $90

Rehab cost = $15,000

ARV= $195,000

Rent= $1200

The goal is to keep this as an investment property. 

Your thoughts?