Need Renovation funds for a "Subject to" deal

[Paula Wallace]

I have a deal that is "Subject to" and need funds for renovation of $50,000. The purchase price of the house in Metairie, LA, is $145,000. With an ARV close to $280,000. She owes about $8k on the mtg, which I can cover. The house is 5 bdrm/2.5 baths 2500 sq ft. with a large living room for entertaining and a fireplace. 4 bedrooms and 2 bathrooms are upstairs with a master suite. The house is split level, so the lower part is the kitchen and dining room with a half bath, laundry room and bedroom.