Looking for some advice if i should invest in my first property

[Aaron Fletcher]

Hello everyone!! I am a new member to this page and just learning about real estate investing. I am waiting for this conronavirus to be over so i can take my real estate exam. In the mean time i have really been interested with investing in single family homes. I plan on renting out our own home in the near future. i apologize if i am missing a lot of information as i try and explain the property that i am interested in. Please any feedback would be greatly appreciated!

  There is a 560 square foot cabin right down the road from me that i walk by everyday with my dogs. Its been vacant for as long as i have been here which is about 6 years. It looks in pretty rough shape at least from the outside. I pulled some comps on 3 properties that have recently sold and have listed them below. I would like to rehab it and rent it out or just flip it. i was able to get in touch with the son of the owner. Who is in charge of all the finances. I asked him what they plan on doing with the property and i explained that i would be willing to buy it. They did not really have any plans for it. And he asked me to come up with a price. But i have no idea what a good price would be. He lives out of state and hasn't seen the condition its in.

Comp 1- 560 square ft 2 bed 1 bath 96k sold in 2017

Comp 2 760 square ft 2 bed 1 bath 154k sold in 2020

Comp 3 560 square ft 2 bed 1 bath 98k sold in 2017