Buying first investment property

[Cory Shep]

hello everyone, I'm in the middle of a deal with a house for 65,000. The house once fixed up should be worth at least 100,000 according to comps in the area. It needs about 10,000 worth of work and closing cost of about 10,000. I'm really nervous about it because it needs all new flooring and a bathroom make over. I'm planning on staying there for a year before renting it. My mortgage would be about 650$ and I can probably rent it for about $1050. My question is would it be worth buying if it will take a minimum of a 20,000 investment and there are other fixes that need to be done? I don't want to go broke on a good deal.