You are considering buying the house next to your home in order to fix it up and sell it to make a profit. You estimate that you will need to invest about $14,000 to make necessary repairs and upgrades. After these improvements, you should be able to sell it for $275,000.

If the general guideline for flipping is to buy at least 20% below the market value, what is the most you should be willing to pay for the home?