Now, if the property is OK as-is and inspections didn't turn up any red flags, then I'd say this looks like a decent deal.

I'm using the typical general equation: ARV x .70 -  repair costs = purchase price.I understand the markets are super red hot now however. 

I just finished up a project in Killeen with Red Rhino with ‭Ryan Householder. 

You're asking the equivalent of what's better between red or green. 

The Red Cross shows up and the director comes up to me.

You could possibly see if anyone like @Austen Howell can help you as far as finding that rock star team or with current ARV and rental values, or maybe just asking someone to double check and confirm the numbers you ran. 

Red flags? 

.- I'm 25- I am the frontman for an indie/pop/rock band, called McAllister.- I am currently taking courses to get my real estate license- I am interested in all types of real estate investing (wholesale, buy & flip, buy & hold), but my long term goal is to build a portfolio of buy & hold properties.I would really like to connect with any & all of you that are located in DFW!

To increase your business as an agent I would high recommend the (red book), The Millionaire Real Estate Agent, you must know about it since you are with KW. 

A "flip" can be pretty damn far in the red but still be "viable" if it makes good TV that generates a bunch of add revenue.