Ideal % of profit for a flip

[Ashley Riegle]

I'm interested in a home that sold at auction for 38K last week, the current appraisal is 76K. Known needed exterior repairs are approx. 5K, inside unknown as there were no viewings. It's a brick home built in 1977. I'm interested in making an offer to the investor as is, pending results of an inspection at my cost. It's a rural property, not centrally located to amenities, not in a desirable renting location, and 2 bedroom. What would you consider to be a reasonable offer?