First Time Investor/First Time Poster- Would you buy this property? Help!

[Anne Carlson]

~This property is listed at $63,000.  

~It has 3 bedrooms, a garage, a full basement, and lots of living space (living room, dining room, large breezeway). It is outdated, which is the norm for rentals in our area. I would do some cosmetic updates.

~Rent for a 3-bedroom home with garage in this area is between $950-$1,000. 

~I'm in IL where property taxes are high. I can't find the taxes for this house anywhere, but they could be anywhere from $800-$1800. My realtor is looking into this for me. I know this is key info.

~Of course, I would love to get the price down if I make an offer.

I would so love and appreciate your thoughts. Thank you!    CLICK HERE TO SEE THE ZILLOW LISTING!

[Jaron Walling]

After a quick search I found some really important information on this property. If I was newer investor I'd walk away from this deal. 

I work in the environmental field. You'll need flood insurance if you're taking out federally backed loans. It's expenses most of the time. Appreciation in a flood plain is near zero. Unless you plan on holding for life you'll struggle to resale as in the current case. It's been on market for 216 days for a reason. Best of luck.