I got started with $10,000 that I gathered by saving our $4,000 income tax refund along with putting $250 a week into savings. 

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Fire damage remediation can be expensive.I'd work with the known appraisal of $230k as Zillow admits to not being very accurate.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

It's more important that the numbers be accurate and that you know your exit.  

I will pay no more than 70% of ARV minus accurate repair values (which are significantly higher in Alaska than the lower 48!).

This will be somewhat dependant on the condition of the property but I think a number triple to the one you've given would be more accurate over the life of ownership.All that being said, this could still turn out to be a nice deal.