need some advice please
I am close to putting my first investment property under contract. $70,000 with ARV of appx. l04,000 per comps. Blt l971...structurally sound but needs updating like floor covering/paint/screens, etc. If I attempt to flip for 80-85K(too much?) do I disclose to the end buyer what I paid for the house? Is there any way to get around not putting up $500-1,000 earnest $ in the interim other than doing an option & selling option? This is a trust/estate vacant home & price was just dropped thru realtor 20K to sell quickly. The 70K price is $9,900 below that. I need to act quickly. 
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