Is this enough profit to flip

[Michelle Steinacker]

Hi all, I need some advice from all of you! I am real estate agent and have a friend that is willing to front 100% cash and repair cost, I do all the work and we split profits.  

I have found a condo for $165K, had contractors out all repairs will be $30k, finished sale price will be $230k.  All the work is going to be contracted out.  We can get in before closing to start demo and be finished in 30days.  

Should I do this?