What would you do?!?!

[Corey Czajkowski]

Hi I am looking for some advice on what to do in the current situation I'm in. (anything helps) So for starters I'm a newbie wholesaler have yet to get my first deal(crushing cold calls) lol, my credit isn't the best ( working on it) I don't meet the criteria to take over a loan I believe.... also don't have a lot saved for down payment. 

That being said my moms landlord is looking to sell his house and said he would like to sell to me. He said he would like to sell in the next 2 years to move with his family to myrtle beach he also said he doesn't care if he makes much just really wants to be able to cut ties and walk away headache free. He purchased house in the late 70's early 80's for $70k hasn't made the best decisions and has pulled equity out and refinanced multiple times since first purchasing it.

Purchased house for: $70k

Still owes: $135k

Arv ( I'm thinking its close) : $154k

Repairs : (roughly) $25k- $28k

Mortgage: $1,075

Hoa : $96

Potential rent : $1,500 monthly

If you needed any more info to help out just ask but any advice would be greatly appreciated. Not sure if I can be much of help to him plus I think he doesn't have the money to dish out for repairs so I don't think going retail would work and with little to no equity I'm not sure how I could wholesale. Somebody please tell me I'm missing something and there is an easy fix pleassssee. ha

Thanks