Short sale property flip deal

[Khemaro N.]

Hey BP family. Need help getting started. There's a house with lots of potential in my city Lowell MA. It's a short sale asking price $200k that's subject to lender approval negotiated by an attorney. Also a short sale fee $5k. The comps around the area ranges between 340k-360k and up. I'm thinking the ARV will be in that range. I have a realtor I'm working with. I want to Flip this house and sell it. What would be my course of action step by step??