[Calc Review] Help me analyze this deal - FIRST POST

[Brad Gilboe]

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Hey gang, first time long time on BP.  I am finally taking the advice of podcast guests and Brandon and analyzing more deals.  This is a duplex in my home state of Michigan, although i live in Los Angeles.  I am hoping to purchase for $185,000 and renovations would conservatively be $30,000 but that's aiming high since i'll be managing out of state.  Rental income at $1050 per unit is average, but it seems that $1100-1200 is possible if can give that wow factor with updated kitchen, bathroom and cleaning up the basement.  The ARV is difficult to determine since only one other duplex sold recently in the last 12 months.  Any help in how to determine that would be helpful.

The property mgmt fee i wrote in at 8%, but my Dad would help manage. He currently manages my other SFR rental. I wasn't sure what to write for Cap % and future expenses. One unit is rented at $900/mo but that's below market and they will be moving out at the end of June supposedly.

I would love some feedback on how this looks at first glance, what costs I may be over looking and then if this is something I should jump on OR if this is just a nice exercise for when a better deal comes along.  I want to be respectful of not asking too many novice questions, but i also don't want to be paralyzed in my analysis.  All criticism is welcome on the property and/or this post.

Thanks

.brad.