New Investor/Commercial + Residential Flip

[Isaac MacDonald]

I'm a new investor looking into the market in Elgin, Illinois. I'm 21 and have a full time job, so I don't have a lot of savings, but could have $10k for a down payment.

Found a property looking very promising for a buy and hold with a lot of fixing up. It's listed for $95k and going to need 200-250k of renovations (pretty much down to studs), for 2 1200sq/ft commercial units, and 4 residential units (800sq/ft, 1100sq/ft, 1200sq/ft, 1400sq/ft). Everything leased out, there could be $6k+ monthly income, w/ just under $3k of expenses (including vacancy fund, repair/capEx fund, management (which I would do), taxes, etc.).

I would renovate over the summer and lease for end of August, early September. As I'm a new investor, I don't have private investors already, or the bank relationships to make it happen. 

From more experienced investors, does this look like a good deal to start on? And how would you go about finding backers?