Opportunity to Purchase A Single Family Home From Family Member

[Brandon Johnson]

Came across the opportunity to purchase a single family home from a family member at a great price. Originally was offered the home for 70,000, which may be what it's worth. Was able to get the price down to 55,000. The home is located in Bedford, Ohio which is a suburb of Cleveland. The home has 3 bedrooms and 1 bathroom. Our plan, is to update the house and sell it, ideally for at least 90k. I'm not sure the comps support the 90k ARV.

How would you evaluate this offer?