Is this a good idea for my first buy & hold?

[Matthew Parkhurst]

Looking for my first property and came across this. https://www.zillow.com/homedetails/1638-Douglas-St-Augusta-GA-30901/14957023_zpid

With seller financing it would be $2k down, $300 a month. Was thinking of putting a grand or two in it and renting for around $500. I’m in AZ but could fly out there to do the work and have a company out there manage it.

Is this wise?

I make about $4k a month after taxes and my bills are around $1500. 

[Derrick E.]

This is the EXACT type of properties that I invest in. The only difference is that I invest in my local market so I know the streets, and I manage them myself. I also do most of the work myself or hire close friends/family to help me. 

I'm not sure of that market or area. I would look for some rental comps in the area. I love that its a 3BR in that price range. Updated electrical is a good thing. 

Hate that theres no central H/A in that price range and that one picture looks like a back section was added on to? Still, just from the pics it looks like a solid house and if it was in my local market, I would definitely go check it out at least. 

You would be amazed at what paint/light fixtures/flooring can do for a place.