Flipping property: max purchase price

[Raj Parwani]

I am going to look at a property over the Thanksgiving weekend. I have not seen the property except in the pictures and it seems that it will require about 70 to 80K in rehab costs. The property is listed for 300K and my estimate ARV value is appr 375K according to the comps that I have looked at. I would like to have a profit of 20K, with appr repair and selling time of the property of 5 months ( maybe it is too long). I have estimated additional costs of $45K ( along with the 4% RE Agent fee and 15% additional uunforseen rehab costs/closing costs). My Max Purchase cost is working out to be 235k. Am I estimating the fixed costs of 45K to be too high? In your opinion , what are my chances of getting the property for 235K since it just came on the market,?

Thanks

Raj Parwani