What was your worse investment

[Tommiesha Purnell]

So here is the scenario: I was doing my driving for dollars in a pretty good neighborhood close to downtown in appleton. When I came across a completely stripped house it has a deck in the back and on zillow it was discribed as a 4 bedroom 1 bath house and was built in the late 1800s . I checked online and seen it was last sold last feb for 45000. Now on this particular day it had just snowed outside and someone had been over to shovel the snow. Which leads me to believe the owners are still highly involved. It looks like they started taking it down and realized they were way over there heads. So this is what Im thinking the neighborhood value is on the lower hundreds side( alot of older homes in this specific area most properties are rented out). So I could either offer to buy it for them 35000 minus the 32000 they owe in taxes. Or I could offer to let them in on a deal since I assume thats what there attentions were anyway. 0r I could offer the funds for the repair and we split the profit. The only problem with that is its obviously a huge project complete renovation and Im pretty new to investing. Which brings me to my other thought which was to bring on a experienced investor but still hold my stake by supplying the funds. Please let me know what you think.