1st deal - financing

[Calvin Wellington]

I have a possible deal. My wife and her brother own a property and neither desire to be landlords. They currently have a tenant in the property that is paying $500/month. The tenant wants to buy the property and has until July to do so. If not, the rent will increase to $650. They owe 36k and want to sell for 50k. A realtor and her investor, husband said it needs about 20k in repairs.

I don't know if the tenant will be able to get a traditional loan as it may not pass the inspection requirements. If this happens, I'm interested in purchasing the property and I'm looking for feedback on what type of financing/strategies I can use to buy it?

Last appraisal was 58k in 2015.

Thanks in advance.

Calvin Wellington