What to do with a property that's in trouble

[Omar Alvayero]

Hello and greetings to the biggerpockets community,

Yes, that includes both Josh and Brandon. :-)

I would like to know what options I may have with a property that's in my control at the moment. 

The owner has not made a payment and not lived in the home since 2013. The only reason it has not yet gone into foreclosure is because he is an army Sargeant and has thid, solder/sailor protection clause.

According to the bank that holds the loan, they want a buy out of  174,000 but that is way more than any house in that area.

The house is in Killeen TX, 5 minutes from the army base, and 12 minutes from the a University. 

What can the community suggest me do?