Family friend taking off market offers

[Russell Saito]

Hey BP community!

I have a family friend that has two properties right next to each other and have given family and friends first opportunity to give them offers for buying their RE before trying to sell it on the open market.

I believe they inherited the two properties from their parents and don't want to deal with being landlords. They are not in a rush to sell and because of that am assuming that with them not being in a distressed situation to sell, they are looking to get market value or very close to it.

Any ideas or strategies that you think may come to mind that could benefit them and myself together? Oh, and forgot to mention this would be my first RE deal.

The two single family homes are old, from the 50's and could surely use a rehab. I was thinking one option may be to try and partner with them and find the market price they are looking for and then take on the rehabbing of the houses on my end as a way to add value to the houses and perhaps split the added value of the rehab with them once the houses are sold after rehabbing? This would benefit both them and myself as I would plan to manage and fund the rehab and they would just get more money from the sale with rehab added value vs selling it without any work done to it. 

Any ideas and comments would be greatly appreciated.