Possible firsts deal...... again

[Fitzgerald Hall]

A seller called me. She has a property that her tenants just moved out of. She says she just doesn't want to deal with tenants anymore. I have not looked at the property in person yet, but she claims it doesn't need much work, just normal wear and tear. She is asking 250K.

Comps place her property at between 250k-280k. She has a second mortgage with about 206k remaining. If i follow the 70% rule it does not fit for a cash purchase.

I was thinking of alternatives. So far Ive come up with a subject to, lease option, master lease option, or just wholesale.

What do you guys think?