wholesale - pricing advice

[Karina Gomes]

Hi everyone, I am looking to flip a house in a great neighborhood in Miami. Father died and left the property in the daughter's name. ARV 410,000 it is a 4bed/2bath at 1400 sqft.

I am looking at an 80K rehab.  needs new bathrooms, kitchen, a/c (as it has none).  Other than that is sanding floors (they are hardwood), painting and adding lighting fixtures, fans, etc.

For me to wholesale..... I would start with 410,000 x .7 - 90K then I take my fee?  In other words, I would need to pay 197k? then the fee?

Is that it?  Sorry if it sounds stupid, but it is my first and it came from mailing, so I am a bit excited and want to make sure i do it right.