I want to build a solid future for both them and I.

These days it is harder with so many cash offers, and as a seller, I'd personally rather go with a solid cash offer than risk the financing falling apart as banks make you jump through too many hoops before closing, so I understand the reasoning behind it.  

@Torrence WilliamsWelcome to the site.With a solid w2'd income buy and hold is a great way to build long term wealth.Good luck to you & I'll see you around the forums.

Time is also a factor, in real estate deals after a few years, usually 7, you're getting out of the woods of accountability, but never entirely.

I havent accounted for Agent commissions but would this be a pretty solid deal.

Hello everyone, I have a pretty solid lead on a deal in a popular area of East Lake Atlanta, GA. 

I think it's pretty solid man.

Tile can be nice, as one cracked or broken tile is easy to replace while engineered wood/laminate can be a pain to get one "plank" out for replacement.

I also considered it as a flip (ARV for a quick sale would probably be $125ish) but to do that would take around 30K of repairs (refinishing wood floors instead of vinyl, better appliances/fixtures etc.) but I thought that might be biting off a little much for a first flip. 

Your plan is solid, and the fact you acknowledge the need for a mentor says a lot about your maturity - way to go!