I don't know what market you are in, but I know in my market the houses outside of the "first time buyer" price range are not moving very fast.
I would be careful if you are not experienced in flipping because holding costs on a property of that price point could be pretty significant. Also, I would get a flipper or a realtor that regularly that works with flippers to help you with your comps and ARV. They may have a good insight into the market.
If the house would work for you for a while but may not be your "forever home" you may consider doing a live in flip. As long as you make it your primary residence you can will get a few solid advantages over a regular flip.
- You may be able to qualify for a loan at a much lower interest rate than a loan to flip.
- If you live in the house for more than 2 years, you may be able to sell without paying capital gains taxes. Income from flipping counts as a form of income, so it generally will be taxed as such.
I can't give you a solid answer on which would be best for your situation, but just a few things to keep in mind.