[Calc Review] Help me analyze this deal (my first one)

[Joe Malucci]

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*This link comes directly from our calculators, based on information input by the member who posted.

This property has been on the market for almost a year. People keep backing out because a bank won't loan on it, and the house has a foundation wall that is in need of major repair / replacement. I can do this work cheap because of my employer, and access to equipment. I have looked myself and brought our guys to confirm budget on the wall repair.

I have been looking and analyzing deals for a few months, and the numbers seem to work pretty well on this even though it needs a ton of updating. I have a unique situation as my dad has money he wants to loan for me to invest, and wants to help me get the ball rolling on my path to FI. 

This is in a decent, well kept area and is located 5 min from where I work, and 10 min from my current home. I plan to self manage, but ran the numbers as I were hiring out the management. It's currently on the market for 79k, but no one wants to touch it due to the foundation, so I think I have some opportunity to send a lowball offer (55k).

Any thoughts are appreciated. 

Thanks!

Joe