Help analyze this deal?

[Veronica Ivy]

Hello all. This is my first post, but I've been shot-gunning the podcasts on 1.5x speed. I'd been thinking of getting into buy-and-hold rental real estate investing and I think it's finally time. Learning about the BRRRR method really stuck out to me as an attractive strategy.

So, I found a HUD house for sale in Orangeburg SC about 90min away from me in Charleston, SC.

https://www.hudhomestore.com/pages/PrintAFlyer.aspx?caseNumber=461-421461&sLanguage=ENGLISH

https://www.hudhomestore.com/Listing/PropertyDetails.aspx?caseNumber=461-421461&zipCode=&city=&county=&sState=SC&fromPrice=0&toPrice=0&fCaseNumber=&bed=0&bath=0&street=&buyerType=0&specialProgram=&Status=0&indoorAmenities=&outdoorAmenities=&housingType=&stories=&parking=&propertyAge=&OrderbyName=SCASENUMBER&OrderbyValue=ASC&sPageSize=10&pageId=1&sLanguage=ENGLISH#

Currently asking $47,000. I'd hope to bid down to something like $40,000.

Without being able to see it more closely yet, I'm estimating $20,000 in rehab costs. Comps seem to put it in the 100-110k range upon reappraisal.

Rentals seem in the 850-925 range as reasonable for a unit like this.

Results of BRRR calculator: https://www.biggerpockets.com/brrrr-calc/1427783

What do y'all think?