Wholesale situation - need advice

[Jason Varney]

Hi all,

I have a potentially great, yet interesting wholesale situation in front of me and am not entirely sure of how the process would work given the cirucmstances. I have a motivated seller who owns an inherited property that he hasnt seen in 5 years because he cant get back down to the property. He is an out of town owner. The renters havent paid and owe him approx 10K but he cant afford to evict or sue them. There are back taxes owed of about $9500 and he is basically willing to give me the house to just be rid of it.

The ARV is in the ballpark of 50K and rents are around $600 so depending on the repairs needed (which is a huge variable because he hasnt collected rent in a few years), it could be a good deal. My question here is, how would you all handle a situation like this if you were to buy to wholesale? How would you deal with the tenants (if they are even still there)? It could be vacant for all i know but even the owner said he doesnt have a key. How could I get into the place? With him being out of state, is the only option for him to come down, force their hand to evict and change the locks? What else should I be thinking about? Any and all info is greatly appreciated!

Jason