First property. Help me analyze this deal

[Joshua Walker]

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*This link comes directly from our calculators, based on information input by the member who posted.

Hey everyone. I'm brand new to the real estate investing world.  I just upgraded my membership to pro and have been using the rental property calculator to evaluate several properties I'm interested in.  I created the attached report prior to looking at the property. Seemed like a decent deal so I went look at the property yesterday.  Turns out the kitchen and bathrooms need updating and the entire interior needs paint.  I think I can keep the kitchen cabinets, paint them and just change the counter tops.  There is 1960's wall paper on the walls in the kitchen and the flooring needs to be replaced.  Both bathrooms need the flooring changed, hopefully just paint the vanities and change counter tops.  One bathroom has a shower only and the other has a tub.  The structure of the house is sound from what I can tell so just the dated linoleum needs to be replaced.  I'm thinking about making an offer, but I have a few questions.  Should I get a home inspection done prior to making a offer? Any suggestions on what I should offer given the updates needed? 

As stated previously, I'm brand new to this so forgive me if I ask stupid questions.  Just trying to learn!

Thanks,
Josh