Possibly my first rental property. Does this look like a good deal?

[Hunter Reichert]

I found a townhouse for sale that I think would be a great first investment property. It is 2000 sq ft and is a 5 bedroom 3.5 bath. It currently has renters in it and to my understanding they will be there for at least 6-8 more months maybe more. Also the current rent is somewhere around 750-800 a month, I will find out for sure soon. There are no HOA fees and there I are no trash fees since there are dumpster in the neighborhood. The taxes are somewhere around 100 a month at most and I'm not sure about the insurance, I would imagine around 50 a month. There is a 20% down payment required and I would need to take out an equity line of credit on my home to be able to pay that. With all that said, does this seem like a good investment since there is turn key cash flow or not since there is more risk because I would need to borrow from equity on my own house to make it possible?