Looking at my first, what to do next?

[Michael Maier]

I was going through realtor.com and found a property for $12,500. Based on the pictures, it's definitely a fixer-upper (the majority being the basement). Going through a county website (Lucas County AREIS), the last sale was in 2013 for $39,000. If I understand the data field for Taxes and Values correctly, it could sell for $50,000. Current taxes due are $1,349.12. The neighborhood is listed as static (not improving, but not in decline). When I checked it out on my smartphones map app, I found it's in a neighborhood I used to work in and is a few blocks from the University of Toledo. I don't have the money for it, but I also see an opportunity to either fix/flip or fix/rent to college students. Any recommendations?