thoughts and opinions appreciated

[M P]

a friend of mine is selling a house.. was originally listed at 159k she owes 115k.. i guess she fell behind on the payments and worked out a short sale with the mortgage company. currently the house is listed for 130k and will drop 5k every week until sold.

its a single family twin. two full stories and finished attic, full basement 1680 sq ft. could easily be made into two family home or rented as is. she updated everything when she bought it in feb 07.

i spoke to her about any defeciencies and she said she has in writing they will not come after her for any difference.

if i were to want to purchase this and convert into a two family i was thinking of asking 80k and going from there..

zillow has the value at about 130k which is probably about right.

does this seem like a worthwhile investment? or even try to buy it at 80-90 and sell for 105-115?