Got a lead on a motivated seller! Now what?

[Kent Mayes]

So its been a while since my last post. Took some time to get my real estate sales agent license. But  my focus at this point in time is building cash reserve and vital skills through wholesaling.

Found a residential homeowner who wants to sell rather quickly, he says the house is in bad shape cause he got it for a deal.  Inspector says he didn't put alot of what they are having to fix into the house. 

What CAN be done in this situation? What should be done in this situation? 

What are good ways to make optimal profit off a residential home that needs extensive work from my current position?