Ready to make my first move!

[Amanda Finney]

Hello all, I am new to real estate investing and I have gotten all the knowledge I believe I can get at this point. I am ready to put my first house under contract and get the ball rolling. I am very open to advice and to gain more knowledge from more experienced investors. I would also like to know is, for example if a house is on the market for $17k and they say that the home has about $10k-$15k worth of repairs (or even if I do and inspect the place myself ), What do I add ,divide, multiply, or what not to get the numbers that I need to put the house up for, so that I can get a profit? (I hope that makes sense)  THANK YOU ALL FOR YOUR RESPONSES! God Bless