Buying Property from Family Member

[Mia Law]

My family member is looking to sell their house after their spouse passed. They have about 250k left to pay off and the value of the home is around 400k (based off of Zillow). They have come to me about buying the home but I have a collection account about to fall off my credit in a few months so I am not sure I would qualify (in addition to my income may not be high enough).

Are there any workarounds to maybe purchasing the home? Should I look into assuming the mortgage? Lease Option?

I would like this to be an investment property. And the property is out of state in Henderson, NV.

Any suggestions would be helpful… thank you