Would you flip a house with interior fire damage?

[Kevin G.]

Currently, my business partner and I are looking to put an offer on a single-family home for a house flip. The house is listed for $230k, and we plan to offer $235k. The potential after-repair value (ARV) for the property is estimated to be $440k. Based on our viewing of the property, we estimate rehab costs to be around $90-100k, but we anticipate that it may end up costing more. The main fire damage was contained to the living room, and the fire department removed the drywall from the ceilings but otherwise, everything seems to be reparable.

We plan on using a hard money lender for the deal, which funds up to 75% LTV of the ARV. However, if they do not, we have an additional $30k cash reserves as a buffer.

Would you consider this deal? Additionally, would you be willing to flip a house with interior fire damage?