Help with possible deal

[Ricky Borden]

I'm a drywall, and painting contractor. I got called to look at some repairs and when I got there the lady started telling me about how desperate to sell the house she is. The house is on the market now for $116,800, but the owner told me she has a Home Equity Loan that she owes $91k on. She needs to pay that off, and get enough to put down on another house, which I told her would be difficult. The house is basically in good shape, the kitchen needs updating, and at least one bath, the other is in good shape, just dated, and the whole place needs painting on the inside. It's in an area that does really well with rentals, and air bnb's because it's walking distance to the college. I asked her about owner financing, which I think is her best bet, but I don't know a lot about that. 

Any ideas on how I could help her out? Would buying it subject 2 be a good option? That is also something I don't know much about. Rentometer has the median rent at $750.