Advice please! First time investor

[Sujith C.]

Hi, I am a newbie and yet to purchase my first rental property. I found a foreclosed duplex for which comparable rents in the area are $800-$1000. Property is about 20yrs old. But looking at the stats my agent sent, income levels in that area average about $30k with mostly construction workers. Purchase price is $70. Leases are signed in 5-30 days when put on market. Can experts here please answer few of my questions? A) Is this a good investment given market price for similar properties is about $185K. I would like to rehab it and buy and hold. B) foundation is block and beam crawl space. Looking at the pictures it might need some repair. Is this kind of foundation advisable for investment? C) Most of the properties on that street look worn out. Is it good I spend a little more and get it attractive or should I just touch it up with required and necessary things and lease it out? Thanks, Sujith