First Flip Deal Analysis/Advice

[Amit Rana]

Hello,

I'm venturing into my first flip, I've have read J. Scott's book on flipping and am also working with an agent who has done a few flips.

I have an opportunity for a short sale a 3 bedroom 1.1 bathroom home with attached garage built in 1988 and with following data:

-List price: $85,000

-Rehab Cost: $28,000 (seller has disclosed $24k of major plumbing fixes)

-ARV: $130,000 (based on comps in the area)

Max Purchase Price (MPP) based on all the expenses is coming to $77k. Here's full analysis:

I'm considering putting offer of $65,000 and not planning on going over $75,000.

Given there is a considerable plumbing issue and given the numbers above, would this be a good first flip to go for?

p.s. I also appreciate any feedback on the analysis sheet I created and items I might be missing