foreclosure purchase question

[Gardi A.]

hello all

i have a question. SO my realtor sent out a listing for a foreclosure that is not listed on the MLS. not asking price is 310k assessed by the county its $295k. now do you think its smart to purchase lets say at $280 or lower the doing 0 repairs and tunring around and putting on MLS and making between 10-40k spread. issue is property needs about 100k in repairs. its in a A area. ARV is 550k+

i don't have the funds for repairs and all but wouldn't mind making a little something on the property 

thoughts?