Need advice for first wholesale lead!

[Joseph Cuomo]

I received my first call and the seller is interested in selling because his family is looking to move. He purchased the townhouse for $270,300 in 2008 and has approximately $228,000 - $230,000 of debt on the property. Doing some basic due diligence without seeing the property, the ARV is $260,000, the fixed cost estimate to apx $20,000 and rehab cost could range anywhere from $20-30k. Estimating for at least a $20,000 flipper's profit and a $5,000 wholesale profit, the MAO comes to $185,000. Please provide any feedback as it will be much appreciated ! Thanks, Joe