Need help analyzing my 1st wholesale deal. Does it make sense?

[Jennifer Williams]

Hello BP

So while browsing through Craiglist, I was able to find a home to put under contract. Since this is my 1st, I sent over an Option to Purchase Agreement and will eventually send over the Purchase Agreement. Well from my research, it seems to be a good deal but i need my fellow BPers to reassure me and maybe point out something I didn't catch do to my inexperience. 

The home is a 4bd/2.5bth at 2701sq built in 1968

Market value is 158,603

Property records appraised it at 152,000

I got him down to 103,000 cash under contract with $6000 estimated repairs

Here is a little history on the home.

The home was sold foreclosed for 120,700 back in 2012, It is now owned by a Mortgage Corporation.

I'm guessing since it is owned by a corp then there shouldnt be any liens or money owed, right? 

Does this deal make sense to any of you investors, and by it being a cash sale, is it still to high even though the home has great equity? 

Ok thank you for reading and I appreciate any input.

Jen