Possible Flip in Houston -- Outside of Bellaire

[Matt McConkey]

Good Afternoon BP Members, 

I'm close to closing a deal right outside of Flack Estates and I really want to flip it myself, but don't believe I'm quite ready for a remote flip from 1,100 miles away, especially a flip of this magnitude. That being said, I was curious if others thought this might be something they would be interested in or if they even thought it was a deal. 

Flack Estates 
4/2/2
2,700 sq. ft 
11,000 square foot lot 
School district 27 Houston- Bellaire 

Homes in this area are doing two things: 1) They're getting town down and built back up or getting a total rehab. In this case of this home, it needs EVERYTHING. New kitchen, floors, walls, bathrooms. It's a "down to the studs" sort of rehab. 

Photos

https://drive.google.com/folderview?id=0BwlZe2UC_7...

Neighborhood

http://www.realtor.com/local/Flack-Estates_Houston...

Homes are selling and closing from 300k to 750k in the area. This home, fully finished out, should have an ARV of $615,000.

I was looking to sell my interest for around $355k. Am I way off base here or is this a good flip for someone?