I'm taking Action! My first attempt! Help me analyze this deal

[Jason Krawitz]

Here is my last post if you want to know where I'm at in this process. https://www.biggerpockets.com/forums/12/topics/671...

We all have to start somewhere. I have ties to the area this property is located. It's a very low price-point that I'm using for the sake of learning but also because I'm a conservative  Dave Ramsey follower and am very comfortable with cash. While I'm using it as an example, I am also genuinely interested in the property or others like it. (I think). 

I talked to the listing agent this morning and learned a bit about the property. The current tenant is paying 300/month on a month-to-month basis. The current owner has zero ability or knowledge to repair properties. The current owner grew up in the house as a child. The agent said he is willing to negotiate. 

What are your thoughts on this deal? 

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