BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

If it had been my client buying this property, they would have paid a lot less even with the full commission factored in. 

Investment Info:Single-family residence buy & hold investment.

You could force the seller to bring it up to code before the sale is complete as one of the contingencies of buying it, let them deal with it.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

@Chase AlexanderRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

But an investment-focused agent brings way more to the table than just writing offers.Finds off-market deals you’d never see on Zillow.Negotiates beyond price—think seller credits, better terms, and saving you $$$.Spots risks & hidden costs so you don’t get burned.Thinks long-term—helps you buy with appreciation, rental income, and future wealth in mind.Has key connections to lenders, contractors, and off-market opportunities.If you’re looking at this as an investment, the right agent doesn’t just cost you—they make you money.

I would suggest that you find a partner or mento who has done it before.Many of the investors that I work with in your position find that buying New Construction investment property from a builder is a better option. 

Buy: $284,900Rehab: $115,000Holding: $16,500 Points: $3,413 Selling fee: $30,000Insurance hold: $2,000-$2,500 (maybe get back $1,000-$1500 if you close quick)Other title/escrow purchase: $2,500ARV: $500,000Profit: $46,587 (9.25% approx) I would do the deal, especially if you get that gap for rehab closed 3-4 months and tighten up the rehab costs too ($100,000)   

If you aren't going to set up the LLC correctly, for asset protection structuring, you might as well buy it in your personal name.