Possibly found my first deal... don't know if I should jump, HELP

[Kirsty Exner]

Hi! I am extremely new to this and THINK I may have found my first pearl. It is a Harvey house in Montgomery Texas listed for 66K. I am estimating my rehab cost to be right around 70K with an ARV of $185,000. On paper this looks like an amazing house for my first deal. I think it might almost be too good to be true. Is there anyone familiar with the Houston market that could help me analyze this deal? The house is on S Wiggins street in Montgomery Texas. Any help is extremely appreciated!