What to do with a $300K house in Texas? HELP NEEDED!

[Zijuan Capps]

Good Evening BP members,

I am a new investor in Texas just getting my feet wet and am currently working on my very first deal acquiring a property via subject to. The sellers have already moved out and are going through a divorce. Their property has been listed by an agent for a month but so far no satisfying offers. Sellers want to sell quickly at fair market value of $299K but the house has some ($10-15k) cosmetic work needed. Also, sellers are burdened by the mortgage but don't have time to fix the house. My question is, how would an experienced investor go about this as exit strategies? Market rent in the area is in the $2000-2100 range, not much spread as a rental; not in the typical price range of an owner financed deal. Any advice would be greatly appreciated!

Thanks in advance!

Zijuan