Should I close on this Denver Colorado Fix And Flip?

[Steven Silva]

I am STUCK in escrow on a fix-n-flip in West Commerce City (unincorporated Adams county), which is just north of downtown Denver. I am told the court paperwork will take another 3+ weeks process (close around 5/20 I guess). Long story short, wholesaler gave me the OPTION TO BACK OUT and would refund my deposits & earnest money of $8k (I'm inexperienced at how title will deal with reversing closing, waiting to hear back). 

My ARV calculation is the only thing that may make me want to jump ship, as well as opportunity cost of missing other deals while just waiting for this to close as it could take longer than 3 weeks.

Numbers on the deal can be found on the attached screenshot from the bigger pockets flipping calculator. I feel these numbers are VERY conservative... I'll leave it at that. 

4 bed, 1 bath, 1450 sqft, built 1955, new main sewer line in 2015, end of cul-de-sac that leads to school park, 1 block from future 72nd ave N-line light rail station (completed 2018). 

Would you do this deal? 

What would you say ARV is? 4111 E 71st Ave, Commerce City, CO 80022

[Steven Silva]

Thanks guys. Just wanted to get an idea. I meant conservative, as in I believe the rehab to be below $45k probably less, ARV to be above $215k, as high as $222k. My contractor does have multiple subs. I worked with him through previous job I had, He was able to turn 10 houses a month for 2 years, so yes $45k is a large rehab, but I've seen him do that in 4 weeks.

The wholesaler is a reputable one, and has never had this happen where a deal is stuck in escrow. They do a lot of business in Denver. They feel their reputation is on the line and offered to refund my money because of that.