New Investor but Found a Great Deal

[Marc Maser]

I've never bought an investment property (own a 2,000sf office building for my business) and have been absorbing as much wisdom as I can from BP. I found a single family house 3/1.5 1500sf in my old neighborhood my wife and I used to walk by everyday. We'd always comment on how dumpy it looked but it's for sale now for $79k. It's value after rehab would be about $140k as are all the homes in the neighborhood. The neighborhood is awesome, quiet, safe, near great schools and a mile from my current residence. The house just came up on the MLS today and looks pretty good by the pics. I'm planning on walking through with my agent Monday. My goal would be to finance through private funds, rehab (need to still determine if property is a okay), and sell. Am I crazy for wanting to start this soon (1-2 months after just starting to study RE investing in depth)? I don't have a business, business plan (finished yet), etc. Should I wait longer? All signs (so far) point to a $30k profit. Any thoughts? Thanks all!