Need Advice on Buying Someone Out

[Will Gile]

Help! Please advise! My sister and I have inherited a 5 br 3 bth house in Brea, CA. It is in need of work but will go for 500k cash if sold as is. We would split 50/50. Should I attempt to buy her out? Comps in the area put a turnkey house of similar specs at 700k plus. I estimate 50k of repairs needs to happen. What would you do and what is the best way to buy someone out? She is not interested in holding on to it.