Potential BRRRR Deal in Jacksonville

[Andre Walker]

Hey Everyone, I am new to real estate investing and looking to close my first BRRRR deal. I found a property in Jacksonville FL, ask is $57k, the owners are flippers in the area that rehabbed most the property, but found better deals and want to sell to fund their new deal.

They just added a brand new roof and said they have a 15 year warranty from the materials company. From the pictures and what they told me the property still needs some work, minor plumbing, a new toilet, flooring/carpet (only about half the house) and to replace a 1 or 2 windows. They said it should be about $10k (still doing my own research to verify that, seems little low). 

Rent in the area is about 695-800 according to the rental property analyzer on Biggerpockets, so RTP ratio is just above 1%, i am looking at about $230/month in cashflow, and RTI ratio in Jacksonville is about 27% so still room for growth. 2 homes in the area sold for $103k and $108k (both within the last 6 month, and the property that sold for 103K is on the same block, 3 houses down), the property located near a very good high school and Elementary (both 5 stars according to google, lol). So all the indicators are telling me this is a good deal, but as i said it is my first deal so im a little nervous, i am also thinking about flipping the property as the comps seems to support it. But I'm 26 looking to quit my job and retire in the next 3-5 years so cashflow is more enticing to me right now. I just want to get some feedback on what you guys think, what i should be looking out for? What i might be missing? Or what I am doing right, (thats always encouraging). The X factor is I am from Brooklyn, NY so i would be out of state investing. But any advice would be super helpful, as well as any info for good contractors/property managers in the area.

Thanks everyone