How to make this work

[Michael Mullins]

I had someone call in and ask me to buy her house from her, and that she would like to rent it back after I purchase it. (bad idea) The houses in that area don't appreciate at all, so this would be a buy and hold for myself, or I could assign the contract to someone. However, I'm wondering if there is another way of taking down the property that I'm not thinking about. Any information would be helpful.

Property 4/2/2 in Killeen TX

Owns 108k 

Worth 130k from County tax site

Going to Foreclosure on June 5th

Thank you,