[Calc Review] Help me analyze this deal

[Garrett Pearson]

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I put an offer in on this house. It is my first deal. I am still in my inspection period so I would like to get some feedback before the deal is finalized. 

My question is are realistic profit margins for the market right now or am I selling myself short?

I wouldn't really question it if I could turn it around in 3 months and have it on the market by Spring. This deal will take 5 months before it even hits there market which eats into my profit margin. One of my major challenges is the fact that it can take me atleast two months to get permits from City Hall or pay an expeditor which will probably cost as much as the holding costs for waiting the two months to get the permits myself and hope that cuts down on the time. I'm showing the holding for 6 months for report sake but I am looking at atleast 5 months before it even hits the market. If takes 3 months to sell the property, I would need to subtract another 4k off the profit.

All feedback will be appreciated. Thanks in advance.