Starter Fix and Flup

[William Keith]

Ok, I have been looking at several properties to fix and flip in my area. Starting out, would it be ideal to buy a small starter 3/1 that needs work. The owner let me do a walk through of the potential property with my carpenter/contractor. The outcome is it will take about 15k to get it in shape as long as no other surprises pop up. The ARV I came up with is about 50k. Which could potentially net me 20k if all goes well. Any opinions will be respected.

Thanks