[Calc Review] Help me analyze this deal

[Luis Bermudez]

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

I am close to acquiring this property for $298.  At that price I would actually spend a little more (about $15k) on upgrades to ensure maximum valuation at completion of repairs.  This is my first offer since starting my real estate investing business.  Am I missing anything?  I need an investment source that will require less than a $10k investment from me.  I'd really like a $0 investment deal from me.  My analysis from A-Z looks like this:

298,000 Acquisition

83,000  Repairs

7,000 Taxes (6 mos. holding period assumption)
32,000 Commissions

12,000 Title, Legal, Accounting, Ins. 

38,250 Debt Service (10%)

5,000 Maintenance (Landscaping, Cleaning, Utilities , etc. during holding period)

475,250

49,750 Net Income