please help analyze this deal
House costs $55,000---needs a new roof and some sheetrocking, gutters and paint
(approx 14,00-$20,000) . . Taxes are 5,500 a year and insurance may be another
$50 a month. Average rent in that area is $1,100- 1200 a month.
Does this sound like a good deal?
one of the things i like is that it is under 1 hour away from where i live, and in a
desireable neighborhood, but those taxes may be a dealbreaker--
your thoughts much appreciated! .