is this a good deal?

[Paul K.]

Hi BP community,

Im looking to do long distance investing into south florida- * first time out of state investment

A friend of a friend found a condo that we will offer $70k cash. It needs a mostly cosmet rehab with new carpet, fresh paint and cieling repairs. Nothing too major.

The friend of a friend wants 25k for finders fee and performing and managing the rehab.

All in this will be about $95k out if my pocket and ARV will be $110k.

im planning renting it out, cash flow will be about $400, and refinancing property

decent deal?

does this seem fair considering im carrying the financial burden?

what other due diligence should i perform?

thanks in advance for any help with this!

Paul