Can I salvage my first fix and flip?

[Jennifer Ward]

I am in the process of selling my first fix and flip in Denver.  This one has been a true learning experience in almost every aspect. I am at a crossroads with two big decisions that I need advise on...

1) What price should I ask? 

When I first ran my numbers when deciding to purchase the property the comps were showing between 370k and 390k, I purchased the property for 262k.  About a month later after closing on the property, COVID hit and then I started getting really nervous.  I also made a big error on my rehab costs and ended up spending at least 10k more than I planned, a total of 70k. Now that the property is complete I had my Realtor friend list it for me.  We went over the more recent comps and looked at everything that went under contract in less than a week.  The properties were much lower in price than my original comps. I then decided to list it for 350k hoping for a bidding war.  A few days later after 20 showings I had 2 offers and accepted one for 356k.  I knew this offer would only have me break even and actually later I discovered I would be a little in the red.  Well to make this a bit shorter, due to a major inspection question the contract was terminated.  I have been talking an investor friend who has a lot of experience in flips and he thought I should have priced it closer to my original comps, 370 to 390 range. He said the inventory is really low and he hasn't seen people dropping their prices because of COVID. I am now considering relisting the property around 375k rather than putting it back on at the original price.  What would you do if you were in my position?

2) Should I look more into potential structural issues now?

When I bought the property there were several cracks in the basement foundation walls.  A licensed GC walked through the property with me who has a lot of structural experience and in his opinion the structural integrity of the home was not compromised.  When I had the property under contract this was one of the big items the buyer requested, to have a structural engineer investigate the structural status of the home.  I declined and this was the contract was terminated.  Should I go ahead and have a structural engineer look into it before I have another offer on the table?  I figured this will come up again with a new buyer.

Thanks in advance for any helpful advise.