Buying first deal needing help

[Thomas Gutierrez]

Hey everyone new to bigger pockets forums. I’m looking to purchase my first property, I have been in contact with a whole seller. So the deal is

Arv- 124K

Reno-20K

Carry and closing-9K

Buy price- 80K

He’s saying the least he’ll take is 72K. I’m thinking I’m going to hire a contractor and get it fixed then renting it out. I have the cash on hand just looking for maybe some advice on if I’m looking at a good deal. Thanks in advance for any help