[Calc Review] Help me analyze this deal

[Bianca Ryan]

Hello Everyone! I'm about 2 days into the Bigger Pockets Community so very new! I recently finished Brandon's book "Investing in Real Estate with no money down" throughout this week. 

I wanted to introduce myself and say Hi first of all and look forward to making some friends here! I've currently been practicing with the online calculators here and trying to get comfortable. I have not completely dove into estimating rehab costs and am fairly new to it and want to start wholesaling properties as soon as possible so am working hard to hone in on my skills and calculations fairly quick.

This was my first time estimating a wholesale and chose a cheap property in the next state over. I'm in PA so prices are through the roof currently. But you can see here in my report -  I've lumped what I can guess from what I know now into a total rehab cost of $25,000 cushion room. To anyone who understands this and has more experience than me, could you potentially guide me into the direction of analyzing this more accurately? This one was a tough one for me as you can see the condition of the property, however there was so much wiggle room it seemed regarding their asking price of $75,400 that I allotted $25,000 for Reno. On top of any advice on Rehab Costs and advice, can anyone with more experience also answer the next question I had. 

Would a flipper be satisfied getting the same profit that the put into rehab? For example, I estimate my flipper wanted a minimum of $25,000 profit and the Rehab budget was also $25,000. Does this turn flippers off? Do they prefer the rehab to cost less than their profit? Any advice on this would be so greatly appreciated and any advice on estimating rehab on something like this would be great. (Of course nothing beats going in person to see it!) 

Thanks all!

View report

*This link comes directly from our calculators, based on information input by the member who posted.