Flipping concerns in springfield MO

[Shon Drennan]

I am currently doing research towards being able to do my first flip. The houses I'm currently looking at in distressed condition are between $50,000 and $70,000 2/3 bedroom and 1/2 baths. Most of what i'm finding are a little older 80s and 90s homes. While looking for comps I've found several newer homes around $115,000. I'm starting to get concerned that the might not be much wiggle room after all the costs involved with closing, taxes, realtor, title, insurance, etc. to actually make a profit. Do I have legitimate concerns or am I over thinking things? Im also curious if all these expenses can be included in the financing of the home as I do not have much money up front. Thanks everyone.