Should I do it? First Rental in the new city

[Sahand Banisadr]

I have won a bid (60K) on a Class C rental property (due to neighborhood and age of property) in Indianapolis. Neighborhood is a lower income working class and the property is a 2bed/1bath (~745sqf, and another 700sqf basement), all electric, built in early 1900 with average size backyard and very close to turnkey with some cosmetic repair. With current rent tenant (720$), 20% down with 3.875% rate I get ~150$ cash flow and COC of 8.2%.

Inspection is next week, but the current tenant mentioned that the last month electric bill was very large (300+, average is (50-120$), my concern is, could this be secondary to poor insulation, short or bad wiring, etc? 

My other worry is finding the right tenant for this property.

I'm having second thoughts and I feel like I'm scaring myself out of this deal. 

Please help out a newbie and give me your two cents. Also, if you have health with similar issues yourself and how you remedied it. Any help would be much appreciated.

[Cole Simpson]

If those numbers hit your goals I would do it.  If the electricity is that big of a deal to you walk away.  Either way make it about the numbers, take the emotion out of it.  Why did you want to buy there in the first place?  Has the information changed those facts?  In my experience better to get started.  Wish you the best DM if you have any specific questions, would love to help.