First Flip

[Sam Jackson]

I'm ready to get starting flipping houses, and I think it's perfect timing. I'm located in the Tampa Bay Area and we're ranked #4 in the nation for vacant foreclosures. I don't know what to make of that but I think it's a good think. On to my point. I have a deal that i've spotted today on Zilliow. So I'm wondering what the BP community thinks about it?

Single Family House
$119,000
3 Bed 2 Bath
SF: 1,900
LS: 9,000
Short Sale, Active With Contract, Handy Man Special ( HOUSE NEEDS WORK )
Days listed 106

Comps within 90 days - 11 houses Sold
Lowest $170,000 ok house no upgrades
Highest $235,000 with upgraded

Now back to my question. With just those numbers. It looks like a pretty good deal to me. I just don't know what to make of the ( SHORT SALE & ACTIVE WITH CONTRACT ). Will this deal be to much of a hassle and headache?