BRRR Receivership opportunity

[Michael Washington]

Need some advice. I recently put an offer on a Baltimore City 4 unit property that was on the MLS to BRRR. During the negotiations, the seller was notified by the city that the property will go into receivership with a possible auction date of August.

I contacted my lawyer who is in contact with the sellers lawyer. They would like to know what is my new offer.

ARV at $450k, construction at $200k. Rents at $6k once renovated. I am leaning toward $100k and seller financing. Thoughts on pricing given it's pending receivership? Any one experienced with seller financing with properties pending receivership? Thanks.