First property analysis - first step before approaching an agent

[Teynna Garcia]

Hello everyone, 

I found a property that seems good to me. This is my first time attempting to do anything real estate related. So I was hoping to share with all of you and gain some advice and perspective on whether this is a promising flip. I have the trulia link as well, not sure if I’m allowed to do that. But I copied the link in the bottom for anyone wanted to take a look. 

I'm considering doing the "70% rule" with this flip. I know it's not a set rule, but it seems to fit with this home. The median price ARV for this home I believe is 105-130 (I looked at the surrounding homes) and I'm thinking 25-30k (as an estimate, to be on the safe side) in repairs.

https://www.trulia.com/p/ma/springfield/16-emily-st-springfield-ma-01109--2000301088

Thank you all for your advice! 

[Alex Young]

bump up your estimate,  just from the pictures id say 35-40k , and thats not on the safe side