LOCATED A PROPERTY, NOW WHAT?? HELP! (Decatur, GA)

[Anthony Crawford]

Hello!

NEWBIE HERE IN ATLANTA GA (Decatur 30032)...I have found a property I would really love to get my hands on for my very first flip. I live in the 30032 zip code and every day I drive past houses that have been successfully flipped and even more that are in the process, so I know the area's potential. There is a house around the corner from me that just hit the market for $79k (3/1 built in the 50s, 1200 sf, .07ac). I would like to keep rehab costs around the $35k range and place on market for $165k+ (recently a house on my street was flipped and sold for $194k and another just hit the market for $189k so I know my sell price is about right for the neighborhood)......with that being said, here's my reality: I don't qualify for conventional loans so I know a HML is the way to go for me....Experts/Professionals: do the #s make sense? Should I shop this deal around to HMLs??

ANY ADVICE would be greatly appreciated!  Thanks!

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