Found my first flip - good deal?

[Randy Bayo]

Hi guys! New to the forum.

It looks like I found my first new flip located in Sacramento, CA. The house is a complete rehab. Total gut job. They're asking $199k. ARV is $303k. Ran comps, house could sell for $310k. Looking for repair estimate and offer price confirmation.

I estimated the total repair cost to be $60k. My offer price is up to $210k. It’s approximately 1200 sq ft. 3 bed, 1 bath single family with 1 car garage.

Brief explanation of the home’s conditions... The seller is unable to care for herself or her 6 dogs. It is unlivable as is. Without being disrespectful, the floors are caked to the point that the odor is unbearable. To correct this, it needs to be gutted: new floors, drywall and cabinetry throughout. The roof and HVAC need to be replaced. The pool needs to be filled or repaired. Without having had an inspection yet, the structure appears otherwise sound.

Since this is my first flip, I honestly don’t exactly know what I’m doing. So I’m looking for advice from veteran flippers. What would be your approximate rehab costs and do you agree it’s a good deal? Am I in the ballpark with my offer price?