To Flip or To Wholesale

[Rebecca Cochran]

My husbands' cousin called and asked us to buy her property for 10k. She's in no hurry to close as we are the ONLY people interested. It's currently a 4/2, but could be made into a 5/2. ARV is 200k with 6 month rehab time and average days on market 60-75. Contractors are all booked for months, but I have a very good one who has flipped houses and is willing to help us. I have the purchase of 5k now, 5k when I sell, and the rehab $$ in place, but need 10k for interest payments. I have one potential PML. Profit is only 30k as the house is FULL of mold and needs gutted to studs and joists. Do I keep looking for the last few $$ or wholesale?