On paper it looks like a good deal as far as cashflow but I too am concerned about the 20-30k rehab costs. If the comps are between 99k and 165k then potentially you could be over paying for the property. I don't know the SA market well yet but for example if the after repair value of the property is on the lower side of the comps ie 99k, then you are paying a total of 130-140k (110k cost +20-30k repairs). I would just suggest to really look into comps and figure out if this property is on the higher end or the lower end of that spectrum. On the other side of the coin, it could be a great deal if the value is towards the high end.
Something to think about although it would be cashflowing nicely, if it was on the lower end of the spectrum and you needed to sell for what ever reason you could find yourself in a tough situation.
