Hud home offer accepted!!!

[Maurice J.]

My real estate goals started two years ago and we just now have an accepted offer on a single family we will buy and hold. Although we can't decide on using our hard money lender or going in it with 20% down with a conventional loan. The fact that we have our foot in the door on our first deal is amazing! Meeting with contractors today to get a budget together and decide exactly what we are going to do. Wouldn't be able to do it with out biggerpockets and what his gold mine has giving me in knowledge. Here are the numbers: Purchase price: 95,000 ARV: 160k Repairs (estimate) 25,000 Rent $1250 Cash flow after vacancy and repairs 250 What are your thoughts ? First time dealing with a hud home. Any surprises we should be aware of ?