[Calc Review] Help me analyze this deal

[Amaju E.]

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Hello, 

I found this prop on craigslist and called on the ad. Turns out the prop is with a wholesaler who had It under contract for 35k with a 3k assignment fee. I had the prop assigned to me and completed an inspection. In reviewing the report, the property is structurally sound but will be a lot more renovations completed and not a light rehab like the wholesaler initially mentioned. The wholesaler had estimated needing 5k -6k in repairs for new interior paint, carpet, plus fixing the bathroom and kitchen. 

 I had a contractor walk the prop and he give a 21k quote, but I also have two other quotes for 10k and 8.5k in estimated repairs. If I give myself a buffer of 12k in repairs, is this still a good deal? I am an out of state investor and this would be my first property. I am trying to decide whether I should still move forward with this deal and would appreciate any feedback. Thanks in advance.