Distress Deal in Upstate New York

[Andrew Martin]

Hello BP,

I just closed on my first rental property and now I came across a deal for a 2 bed 1 bath home 981 sq ft built in 1910. the place is boarded up and they are selling it for 7k. I am going to go in with a low ball offer because the value of the place when fixed is no more than 20k. I am thinking it might be best to assign the contract to a rehabber. I am going in with a 2k offer. Do you think this deal would be good for assignment?

All advice is appreciated.