Question for investors/flippers about high ARV value properties

[Mongkol B.]

Just curious I live in the bay area of california its quite expensive here currently i am in talks and have a potential contract with a tired landlord whose ready to go but is not in a rush to sell. I will be using this as an example for this post. So Thing is his property would be sold for about $915,000 due to its as-is condition and since Im a wholesaler it'd need to be a cash deal. ARV is around the $1.24m and with around 200k-300k profit it doesnt seem like a bad deal. So My question is would a flipper/investor pay say $915,000 but what if ARV is like $1.1m so after rehab and fees total net profit would be close to $70-$90k. Which is profit they could make on even a $200k house after doing rehab and paying fees. So would investors and flippers still pay that price $915000 or is the risk not worth taking? 

If your an investor/flipper lets connect I'd love to chat with ya'll.