Duplex Analysis - 65K Beginner Owner Occupied

[Lance V.]

Hi everyone,

Long time reader, occasional poster. In a position to make my first move and am looking at a property that may fit the bill. Please review and let me know if I'm overlooking anything. Beginner owner-occupied in a duplex. Appreciate any help.

http://www.trulia.com/property/12548477-639-117th-Pl-Whiting-IN-46394

Price: $64,900
Bedrooms: 6
Bathrooms: 3
Market Rents: 600 and 600 conservatively = 1200
Size: 2,520 sqft
Year built: 1924
~ 3.5% property taxes

Needs some work but looks to be in pretty good shape. Would like to get it for 60-65k after rehab costs according to the numbers I've crunched.

Thanks!

Lance