Might have found my first one

[Travis Tannahill]

After passing on a few deals and putting some offers in with no luck... I think I might have found my first deal. I personally feel like it's a low risk deal, but maybe you can tell me what I'm missing!? I would be BRRRR'ing it. Think there's quite an opportunity to pull some cash out.

Former foreclosure house, currently owned by a company which buys foreclosures in bulk... They've had this property on their books for 6+ months... started at 43k... its down to 20k. It sold in 2000 for 64k. Currently the county has it appraised at 73k. There is a 3bed/1bath 1100 sq ft property for sale down the street recently renovated listed for 80k. The property I'm looking at is a 3 bed 2 bath 1600 sq ft.

Property is located in a small rural town, 20 miles outside a large metro city (500k+ population) A lot of people like to live outside this city because the public schools are rough, but the jobs are in the city. 

Property does need some work, but pics show nothing major. Flooring, paint, light fixtures, looks like it has a wood stove which I would yank out (I'm also an insurance agency owner, I hate wood stoves ha) and replace with something else. House was built in 1955, crawl space. Roof looks good. 

Had a hard time finding comps... found one listed on Craiglist in the same town that looked like a brand new reno for $900. I figure I could get 600-700 with the work I plan on doing. I wouldn't make it perfect, but I'd make it nicer for sure. 

Also side note... has anyone ever like jacked a deal on here? Ha someone could totally figure this property out with the details I have... just curios if I should be a little more vague on my descriptions or of theres somewhat of a gentleman agreement among users. Obviously not likely on a 20k house so I'm not too worried, but just curious...?