My first visit to see a seller. Need advice.

[Muhammad Saleem]

Hi BP community,I

Today I went to see my first deal in Detroit area MI. House is in very good condition from outside with 2 years old roof. Brick house.

But inside need a lot of repair work. With garage, basement. My inexperience guess is repair for 12k to 15k required. Flood affected house.

Comps say. Neighborhood houses were sold for 25k-30k range. For rent, 750-800 monthly rent from similar houses in neighborhood.

Please advise what should I do?