Most buyers won't mind you making a large profit if there is still meat on the bone.

PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?

These companies need to make a profit too, and so there's just not going to be enough fat left on the bone.

If you could buy it for a steep discount and then get all units legal there should be a great profit there but know the risk, and the path to completion before entering into a deal like this one. 

Should I go ahead and buy the duplex (assuming the seller agrees to a price reduction) or this is way too risky to pursue.

The spread is much less than I'm used to working with but there is still room for around $20k-$30k profit after expenses and rehab. 

. $100 monthly profit per door doesn't allow much room for things to go wrong, and they do.

One week ago I made the decision to leave my W2 job and pursue a position as an independent contractor, full-time investment mortgage broker.

SP = PP + actual cost to date + exit potential profit from flip + closing costs.

I have been building relationships with friends and colleagues by just letting them know of the ambitions with real estate.I am pursuing that education with some vigor, thanks.