Notes?

[Terry Royce]

I figured I would place this here instead of a more specific topic, since its more of an overview question.

I came across a seller who has a note for $37k he picked up for $0. He wants $5k for it and is liquidating his inventory. House probably needs 35k.

Can I put an option on a note and wholesale it/ assign it?

What is the best way I can go about making some money from this. Comps are in the 75k to 95k range.

I have no experience with notes, and and all experience is helpful