1st time flipper vs. slim margins

[Lance Truett]

Hey out there. I was hoping to get a little insight into some basic metrics you guys use when running budgets and estimates for a flip.

Do these margins seem too tight for anyone else, or does this look like an ok deal for the first one?

I found a property and ran the below analysis:

Purchase Price	50000
Closing Cost	5000
Carrying Cost	1500
Temp Utilities	300
Renovation	55355
Sales Price	135000
RE Commissions	8100
Profit	14745