Austin Flip - Too much to turn around?

[KJ D'Costa]

So this deal fell in my lap out of nowhere, but it may be too much for a first timer.

Sales price: $140k

ARV: $195k

3/1 1160 sqf

The place is a wreck. There is no surface that can be left untouched. Rains over the weekend opened a huge gash in the roof causing a bunch of a debris and insulation to fall into the one bathroom

So beyond the roof, there's flooring, new kitchen and bath, HVAC and potentially some foundation issues. 

After running the numbers, it would only make sense if I got the house for less than $120.

Would you run from this?

(Using hard money to purchase, cash to rehab).

Thanks!