I have my first deal. I need some objective input/opinions

[Jay Turner]

Hello BP world I may have my first deal under option for the purpose of wholesaling it and I need your help (thanks in advance). Side note - After suffering multiple years of "analysis paralysis". I've decided to finally take a real leap of faith. Here are the stats 1. $113,000 - $120k estimated ARV based on comps. See below for details about the comps. - (biggest home in the neighborhood maybe even the city, 6 bed 3 bath. maybe mid c class neighborhood at best. The closest reasonable comps are in a mid to high b class neighborhood less than 2 miles away sold and for sale in the last 6 months so I took that into account. The comps there are in the 140-170 range) 2. $10,000 -$12k repair estimate (seller says $5k but I don't agree). See below for estimate details - (I'm not a contractor but I have considerable experience with home/commercial rehab. My estimate is certain to be on the high side to account for unforeseen costs.) 3. Seller is asking $74,500 I intend to make $4,500 on the deal, for an all in total of $79k, the owner was willing to reduce his original price of 79k to account for my assignment fee. 4. This property is pretty much ready to go (very close to turn key) the wood floors need polyurethane or carpet, roof is metal it needs to be painted and the grass needs to be cut and bushes trimmed. Other than that the siding and deck needs to be cleaned (surface dirt), maybe some fresh paint and it's ready for renters to occupy. Here's my dilemma. . . 79k seems a little steep. Should I try to get a lower price (seller has dropped price once already), take a smaller fee or pass on the option? I think finding a buy and hold investor would be the way to go but would I get "laughed into oblivion" for pitching it to buy and flip investors too? The seller has a conventional mortgage and may not be able to go lower hence why I need an experienced opinion. If it helps, It's close to Eden nc's market. Thank you for your time to whoever assists as this is my first wholesale deal and I'm excited about finding it so quickly and don't want to lose it if I don't have to (I found it while building my buyers list, he reached out to me.) Please excuse the long winded post, I wanted to be complete so I can get the best possible assistance. Thank you again