First Rental Property - Thoughts?

[Adam Simpson]

This will be my first purchase so looking for any feedback from the community.

Ask - $50k - started above 70k. Assessment well over 100k. Homes in area 130k+. 

Needs - probably 15k in immediate repairs, another 10k in various improvements.

Renter for property already secured. 

It is a Foreclosure, bank selling it.

Applied for loan thru local bank. Great credit score. They are asking for 25% down. Should I accept 25%? Seems odd.

Inspector is not allowed to come and review home until purchased. Is this normal? 

Any feedback is much appreciated! Thanks.