Buying first investment

[Ezra Benjamin Harris]

Hi all,

I am a newbie looking to finally dive in, I found a subject property which I wanted to bring to you all for advice. I want to know these things;

A) Would you do the deal

B) What questions should I ask/issues do I have to look out for in this situation

Property is in Central Florida, C+ neighborhood (path of progress)

1220 sq ft 3bd 2 ba  7000sq ft lot   rental comps $1400-1700 (this one could use 3-5k of cosmetic work, house has new roof, new a/c, new exterior paint all 2020)

Asking $219000

The huge difference is this sale comes with the lot next to it, an identically sized 7000 sq ft lot. Two lots on the same street (within 5 houses) sold for 70k each in 2018.

My idea is to buy it all, then sell the lot or develop it.

Let me know what you think!