Should I pull the trigger?

[Troy Jaster]

I’m a Realtor and a client of mine is offering her house to me prior to listing it on the market, if I pass.

It's on the borderline where it's not a sure thing but it feels like enough of a discount that I don't want to pass it up. I know it’s not a perfect deal and yet I feel like it could be a decent one. Rough numbers are...

Purchase price $200-205k.

Rehab is almost all cosmetic. Could be as low as $5k if I DIY a lot, high side is probably $13-15k if I contract everything.

ARV is $250-260k.

If I do it, I'm leaning towards quick flip. Comp rental rates are $1,800-2,000/month.

Thoughts?