Is it a good deal or not?? Please help

[Dara Diallo]

Hi guys, I am new to wholesaling and am very close to getting my first house under contract. Got a call from a bandit sign that I put out by a bank owned property. The house is in a great condition and just needs a little TLC. I am aware that it is difficult wholesaling a property that is owned by a financial institution but it seems like a good deal. I would like to market the house for 68k I'm estimating about 5-10k in repairs. The house directly next door sold for 110k last November and one across the street is on the market now for 109k. The problem is that the bank has never done any deals like this and wants a 5,000$ deposit in order to get it under contract. Myself and my partner may already have a potential buyer and we can be making a little over 10k off this one deal if everything goes right. My question is what to do about this deposit and if it's even worth it. I need answers fast help!