What should I do

[Kyle Biggs]

I'm a investor with 2 rental properties that cash flow $1000 a month. I recently started a refi on one to get cash on another deal. My grandmother wants to sell her home but live there rent free for the rest of her life. Could be one year could be 10. I could purchase it for $60000 and it appraises at $110000 as is. But most homes around her are near $200k rehabbed. Should I buy it and take  500-600 less profit per month knowing I can sell it for a large profit as is or even more if completely remodeled? Or should I pass on it and take the refi cash into another deal?