How can I make this deal work?

[Tyler J.]

So there is a property for sale by owner for 700k, market 1mil. The inside is completely demolished. Looking at Propstream they have a loan of $580k at 5.3% due on 06/15/2023 (Est. Balance of loan is $200k)
Rent on a finished home here is 4.5k (Im local, so confident in numbers). I can not get a loan for 700k, conventional or FHA due to interior.

What can I do to get this property with low or no money down? Whether or not I do it, Id love to know possible ways to make this deal work