Advice for a newbie with a semi-personal issue!

[James Martin]

Hopefully I can get some good advice!

I am very new to real estate investing, I'm more focusing on wholesaling to get my foot in the door.

none under my belt yet, but my question is what would you do if put in my shoes. 

My mother who occupies my childhood home is leaving soon due to retirement, she has about 50,000 left on the mortgage. From the research I have done the house is worth about 106,000

Comparable comps in the neighborhood that have been gently updated run for about 110k-120k.

I would love to take over the house and lease it out but my only problem is updating the cosmetics of the house. (bathrooms, floors, kitchen) 

Like I stated, I have no prior experience in leasing or flipping. If I could finance the renovations I would but that is not an option at the moment.

If you where a newbie in my shoes, how would you solve this problem to make a profit and also keep something with sentimental value. Or am I just staring at an obviously bad deal.

Any information is greatly appreciated. 

Thanks, 

James.