Buying Grandmothers house via Sub-2

[Mitch Barlow]

Hi everyone, I need some guidance! My grandmother wishes to leave me her house, but still owes around $50k. She is in mid 80s and ready to move to assisted living in 6-12 months. Her mortgage is around $560 per month, almost half of which is interest! I am thinking about doing a subject to with her house, but then what?!? It’s a 1970’s home that needs a lot of work. Should I sub-2 and then flip? Cash out Refi and then Section 8? And use the cash for another rental? What options do I have? Can I negotiate with bank to lower rates? I’m not a brand new investor (2 current rentals), but I have zero experience with a Sub-2! Is there a better method for this scenario?! Help please! Thank you all in advance for your anticipated generous insight!