Potential first deal?

[Chandler Diaz]

I found a property that I think could possibly be my first deal. It's actually my neighbor's home! Story is that this older couple bought a trailer for their son for him to stay in for college. He stayed there 4 years, then moved. Owners rented for two years and now they just want money. They're an older couple, they'd rather have the cash than deal with tenants so they're motivated. I think they had this great idea they could just rent it easily and it would all be great but it is sometimes not rented and they probably didnt realize all the aggravations with being a land lord. An appraisal was done on the property and valued it at $50k (mostly from the land but the trailer is still in good condition), but I heard from a very reliable source that they would possibly accept $35k. From the same source I was told that the owners had recently gotten an all cash offer for $30k... so I have to act fast!

Now before anyone give any advice I filed bankruptcy not long ago. I have bad credit and only about $5000 to work with. What should I do what would you do in my situation!