First Flip - Seems too good to be true

[Michael Marchman]

I'm about to pull the trigger on my first flip but wanted some advice from the BP community to see if I'm missing something...

Home is in a great area, with comps ranging from $90k-135K.

• The home was purchased by an "investor" in September for $30k and is now for sale for $75k. According to the Realtor, the investor bought the home to flip, but didn't have the time and did nothing to the home. 
• The text I got from the Realtor when I set up a time to see the inside of the home was, "it is awful inside".
• The outside of the home is in fairly decent shape with only minor work needed to be done (paint, mow the lawn etc..)
• The seller wants to do a cash deal because "a bank won't give a loan for this house".
• I'm going with an inspector on Friday to walk through and make an offer.

Am I wrong in thinking of offering a cash price near what the buyer just paid for the house a few weeks ago? The sellers agent has made statements to me indicating the seller wants a fast deal. For example, "He just wants to get rid of it"; "He is open to offers" etc...

*(All quotes are from the sellers Realtor)