How should I structure a deal here?

[Tony Parker]

Hi BP! 

First time posting. Just wanted to get your valuable inputs.

So I'm in contact with a  seller (probate lead) who  is motivated to sell his deceased relative's property. The property has fire damage so the kitchen and a bedroom need extensive repair and update. He owes bank for $180k so he wants to be paid at least for what he owes on it. The pre-fire appraisal came out around $230K. Depending on how the update gets done, the ARV may come out higher. Currently, zillow shows its property value around $260K. Double tax lot.

Do you see a potential for this property? Is it possible to flip?  I'm hoping to wholesale to a fix/flip investor, but how would you structure a deal?  And what would you suggest me to be cautious here, especially in relation to the fire damage. 

Thanks for your inputs!