Bought my home in 2016 for 79k. Made many updates including adding an apartment in basement which has been rented now for a little over a year. Had an appraisal for a cash-out refinance which came in at 185k. So only being able to pull 80% out, my new loan is for 140k. This left me with around 76k after closing cost. I bid on a city owned home back in august where they want cash for unpaid taxes. I won the bid for 45k which was high seeing the only other bid was at 20k. The home is in a b+ neighborhood that's surrounded by A homes. I wasn't able to see inside before bid but did walk around and the exterior is in good shape. house is 950 sq ft no basement or garage but nice sized attic and shed on quarter acre. The interior of the house is in pretty good shape but definitely a fixer upper. I walked through and estimated 28k in rehab. I have since put in new hvac system, changed layout from 1 bed to 2, new roof and full electrical upgrade. I'm now getting ready to start kitchen followed by the biggest project the bathroom. I'm doing most the work myself and as I dig into it and have the full picture I'm realizing the rehab is going to be closer to 40k-45k. So after rehab I'm around 90k and using money from savings to finish as well as what's left from the refinance. A similar home just down the street just sold for 130k and I'm sure it went for more since that was just the asking price and I know at this time ppl are paying more then what's being asked so I'm thinking 135-145k. I'm not looking to sell but rent and from doing research I should be able to get 1100-1300 and renters pay their own utilities and water/sewage. I also want to cash-out refinance this property so I can re-invest into another. I'm pretty new to this so I'm just curious if this seems like an ok deal or not. All and any tips are welcomed, Tax advice as well.

Is this a good deal? All tips and/or advice welcomed

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