Would you by your parents house if:

[Keith C.]

Hi, I'm thinking of buying my parents home in Arnold, MD 21012. Does it make financial sense to do so if ARV is 365k, I buy for 275k and it needs 35k of work? Taxes 3700; hoa 175/yr; ins $1000; first preference is to buy and rent (rents $2,200ish) 4bd / 2bth...plan would be conventional 20% down 30/yr...if I refi after rehab won't I get even less cash flow or negative cash flow? Thinking I might stick with first loan, not refi and just keep extra money in the deal, thoughts?