Need a creative strategy to save the day

[Sandee Sampson]

I found a seller with a beautiful 75-year old home that needs a lot of work.

He and his wife bought the property in March with intent of rehabbing it for themselves.

Rehab estimates that they received were over $100k; they ended up buying another home.

ARV = $250

Mortgage = $210

I would like to make a reasonable offer for consideration.

He says his monthly mortgage is $620. So I was thinking of a Sub 2 maybe...

Any ideas?