[Calc Review] Help me analyze this deal

[Jason Todd]

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This is a deal that came in yesterday. She is working with a realtor but the listing will expire on 7/24 and she would like to work with us if it does not sell before then. She is in default and has many medical issues and has already packed to move, so the motivation is there. Shee needs 300k in order to satisfy the mortgage and help her with some medical bills in order to move forward.  We are looking at the higher comps in the neighborhood since most of the house is in great shape and the repairs we calculated was to bring the kitchen and master bath up to higher standards for the neighborhood. Great rental potential as well, as average rents for the area are going in the 1600-1900 range.

I mostly wanted to know if it was a good idea to put in the renovations to bring the house up to a higher level as the market for the neighborhood can hold it and houses are selling there quite quickly.