Looking to complete my first fix and flip in Baltimore 21239

[Lauren Carey]

This will be my first flip and I’m wondering if 12k is enough to get started. I’d anticipate purchasing the fixer up for between 70-85k putting a financed 40-45k worth of renovations into it (ideally only cosmetic; flooring, knocking out walls for open concept kitchen, new windows, doors, bathroom update and possible addition of a bathroom, recessed lighting, minimal landscaping and hvac if necessary) in an effort to sell no less than 150k. Does this sound feasible Looking within the 21239/21206 area ? I’ve noticed that similarly renovated homes ie comps in the area have been selling very quickly between the range of 160-180k. Also, Have any of you local experienced flippers had any issues with selling homes in the winter in the Baltimore area? I anticipate higher holding costs but, would like to hear what your experiences have been. Any and all feedback is welcome.