Flip or Flop

Narrow Margin Flip (6x3)

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Tarek and Christina are contacted by their friend and fellow investor, Pete. He's already purchased a home in Anaheim, California and wants to bring Tarek and Christina in on what should be a quick flip for a modest profit. But as renovation begins, Pete's budget estimate goes out the window and this is starting to look less and less like a good buy. Can the trio save their investment on this narrow margin flip?