Help! Trying to decide whether to walk from short sale deal

[Jeffrey Hayes]

Hi,  I'm a real estate broker from Tucson, Az and I'm just about to close on my first flip deal which happens to be a short sale.  I made my offer on this 3 bed 2 bath townhome in Tucson, Az back in August and it's on of the most poorly run transactions I have ever been involved in.  Long story short my offer of $86,000 cash was finally accepted, however I just recently found out from the listing agent that Wells Fargo is not going to pay me a commission because I'm a broker.  I managed to work out a deal to get half of the listing agents commision however.  I just received the paperwork today(the short sale agreement which I should have received months ago but didn't) and I read that Wells Fargo will not allow me to resell property until 90 days after I close which will be on Jan 7, 2016.  The numbers work, however, I planned on renovating the home in 30 days and then quickly listing it.  Even though the market in Tucson, Az is currently appreciating slightly I'm not sure how it will be on Apr 7, 2016 and I'd hate to have the market start trending downward.  I calculated that my profit will be in the $14,000 range so it's not a huge margin.  Does any investor out there have any advice on whether I should stick with the deal or walk from it?  Any advice would be greatly appreciated!  Thanks

[Michael Leung]

Tucson is a extremely competitive market.  $14K profit on a $85K inital investment is a great return in Tucson right now.  To be profitable in Tucson, you have to do volume.  There are too many people chasing too few deals.