Would you do this deal? Foreclosure with quick rehab in TN.

[Chris A.]

I’m interested in getting the communities input on a potential deal.

First of all, not completely inexperienced but relatively new to REI. A foreclosure I've been watching for just happened in my smalll neighborhood, hard numbers below.

The listing went active and there were multiple offers within the first three days. We were the highest and best.

The home needs a shower install completed, carpet in upstairs, massive wallpaper removal, total paint job, kitchen appliances, and small cosmetic updates throughout like door knobs, fixtures, backsplash in kitchen, possibly new vanity tops.

Foreclosed Amount: 184k

Bank List: 152k

Offer Accepted: 156k

Closing Costs: 3k - Financed Deal (20% down, 5.25% interest only)

Rehab: 15k (Conservative - 10k most likely)

Holding: 4k (6 Months on the safe side, most likely 3-4)

ARV: 210-220k (Conservative)

Hoping for a flat fee MLS list with 3% to buyers agent.