Buying Grandma's House

[Tiffany Miller]

Hi there! My grandmother owns a duplex that she wants to get rid of. She is willing to sell it to me for $60k. Both units need a lot of work (sound structure, but extremely outdated) and I'm currently awaiting a contractor's estimate to have them rehabbed. Comps in the area are $200-$250k, but I would like to rent the units out. Can I purchase this home from her without using a realtor or going through a traditional mortgage? I know she would add me to the deed if necessary. She just wants to make sure she gets her $60k.

Thanks for any help with this!  I own my own home, but am a newbie to RE investing :-)