Is This Possible?

[monnchew]

I just picked up a flip property. 

Purchase price - $70,000
Rehab - $10,000 (Rehab will be done in a week)

Comps - $115,000

Will I run into any issues selling this property in this short of time?  I know the FHA Flip Rule has been extended, but not sure if lenders are still lenient.

[mcwagner]

Who knows?  My crystal ball is broken.

What's your plan B?  What's plan C?

What's the plan if it costs more to rehab than you estimated?  Everything looks bright until the inspector discovers the cracked sewer pipe because the foundation has shifted and now you have to lift the house and bust up the slab to get to the broken pipe and then redo half the drywall in the house to repair the resulting cracks.

Just sayin...

Always always and did I say always have a backup plan in case things don't work out as you planned.  I've done too many tax returns for too many people who thought they had a good deal.

[monnchew]

I'm pretty confident with my numbers and have a few ways out, if needed.  But, thank you for asking.  It's nice to have other people keep me in check. 
My main concern is what lenders think (on the new potential buyer's perspective) since I bought the property, put relatively low amount of money into rehab, and having it back on the market within a week.  I have done several other flips, but I could always justify my cost through extensive rehab.  This, on the other case, is buying the property right and needing low amount rehab cost.