Motivated seller wants to sell his investment property, now what?

[Naga A.]

An acquitance of mine wants to sell his investment property to me because he is going through a divorce and wants to get rid of it quickly.

Using the 2 % rule, I am thinking of offerring him $50,000 minus any repair costs, which he probably will accept. According to the data of similar houses that recently sold in that area with Zillow and Home.com, the comp is around $75,000. It is a tenant occupied. The current rent is $1000 (according to rentometor, it is reasonable).

Now, I never bought a property from an individual and do not know the area well (Riverview, FL).

What the due diligence should I go through? Any advice as to buying a house from an individual would be appreciated.

Thanks,

Naga