First real estate investment possibility. A flip and the numbers.

[Craig Moffett]

Been listening to Bigger pockets for a year but just joined. Have been wanting to get into small single family rentals but found a deal I think I would flip. 

House net yet on market but family will want to sell quick without listing once legal issues completed. (older lady passed away with 5 kids living in different parts of country). Seems like they will take mid 80K to just get it over with. Structurally house is very sound, new roof and HVAC within last 3 years. Has not had interior updated in 30 years. New flooring, paint, and and bathroom and kitchen update needed. Has new functioning appliances in kitchen.  Estimate I would put 12k-15k into house. In nice middle class neighborhood where most houses are owned. 

Have two recent comps in neighborhood. A 2,344SF house that sold for 179K and a 2,070 SF home that sold for 187K both with a nicer lay out, lot, and kitchen then mine would have. Hose I am looking at is 1978SF 3 bed 2 bath.  

My realtor thinks we could list for around 150K after improvements. I am conservative and use an ARV of 130K in my calculations. the 20% down would come from my personal savings and the repairs would come from a line of credit.

I am apprehensive due to how much of my own money would be invested.

Any thoughts?