How to purchase and flip my parents home through my business?

[Kyle Stone]

Long story short, my dad passed away in 2006. My mom lives in the home which is 4BR/3.5 bath, finished basement and about 4200 sqft. She owes roughly $278k on the primary and is behind on the 2nd mortgage (about $40k) my dad took out before he died. She also is behind on the HOA for about $7-$8k. She can no longer maintain the home or payments by herself. (ARV in her area right now is around $500k)

What is the best a way that I can purchase the home through my LLC, fix what needs to be fixed (Paint, Carpet) and use what's left over to bring her out here where I live?