New member from reading Pennsylvania

[Enver Perez]

I'm very new to the real estate investing business ... In the middle of buying my first investment property .... I'm curious to see if all my reading and research payed off and see if I actually have a good deal I'm buying the property from a private company not the bank , for 25k. The place is going to need 25-30k of renovations to make the place livable and to past permits . It's brown stone house the outside Is in pretty good shape ... As per the zoning permit's it's 3 dwelling unit and a 4 rooming units . I'm buying the place out cash and according to local realThe rent for each of the 3 dwelling apartment is $500 they pay there own utilities and it's $350 for each rooming unit but I'll pay there utilities generating a month about $2900 before expenses ( insurance , water. , garbage maintenance ,electric for the rooming ) It's my first deal so I want to make sure it's sounds realistic and it's a good deal