Newbie investor in Michigan

[Priya Duhane]

I’m looking at prices for homes that are distressed and they are asking too much (I think) for them just because the market is where it is right now. A house that has no walls, floors, bathrooms, and toilets etc worth 5k or less is now being marketed for 30k. I want my first flip so bad but to get these “investor special” deals that are out there is a little absurd. How do you list a property like that for 30k and it’s a full rehab?! My GC said estimate 70k and I can probably sell it for 110k. It’s an off market deal with an wholesaler and this guy tries to tell me the rehab is just 35-40k. 
I’m so anxious to get my first deal i don’t want to make the wrong decision just to say I have a property. I like the property and I think it has a lot of potential but what they are trying to get for it is terrible. Am I wrong?

Everyone is trying to capitalize in this market right now. Home owners, realtors, wholesalers are all giving unrealistic numbers for garbage properties.