First potential flip, would love feedback and maybe an investor

[Jarett Cory]

So I've been looking around for properties to start getting into flipping and came across one that is very intriguing. It's bank owned that I may be able to pick it up for $100k. I'm looking at $60k to $70k in repairs and expect it would sell for between $250k to $280k.

I have a contractor that I can go in with as a partner to do the work/manage subs.

Would anyone have recommendations for lenders as well as any pitfalls I could run into?

Thanks!!