Could there be a way to make this work

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I have a property I am trying to figure out a way to make work and would like some input. With the number I see no way to make it work as a flip which is what we do primarily but would like to know if there is another way to make this dog hunt.

ARV approx155-160. I say 155. Approx rehab costs 4K essentially carpet and possibly paint.

Wants 127K to pay off loan and back pay and 3K to pay off a contractor for work already done. Seller is motivated but not willing to take a hit on a short sale.

Ok so I know this dog wont hunt for us as a rehab but could it be Sub 2'd and rented or resold to make it make some $$$. Can a negotiation be done with bank to short this loan and make it work for a rehab and alleviate the current owner of any further responsibility. (he doesnt want to have to pay to get out of it)

I would appreciate any advice on how to handle something like this.