Possible Home Run..

[Edward F.]

What should my Max offer be on this property??

Should I buy?

So my great aunt is getting up in age and her property is for sale, to me specifically at the moment. I have until the end of 2014 to purchase it before it is placed on the market. The amv is 97k. However the home isnt in market condition and needs a lot of minor repairs. i had some estimates run on the property and the numbers came to about 20k in repairs before it is in market condition.

corner lot.

house is on .25 acres and 1900 sqft total.
2/1 1100 sqft unit 850 rent (rentometer)

1/1 800 sqft unit 650 rent (rento) meter

total potential rent 1500/mo

also has 2 car detatched garage.

976$ taxes

86$/mo insurance

Im struggling trying to determin how much i should offer considering its "family" ive been told that I would be able to purchase the property for 73k (taxable) value.. I have a hard time believing anyone would buy at that price considering the work needing to be done.. HELP NEEDED PLEASE.