What is your objective for buying this house? Flip for short term profit? Rental investment? Own stay?

So you should budget some $ for reno and furniture. Other than that, you can check your expenses for past 12 months, if you managed to save at least 3k monthly, then you are probably ok. You should have at least 6-12 months salary worth of cash savings on hand as well for any emergency. Think about fall-back plans in case loss of employment, such as move back to family home and rent out your new house, etc.