Analyzing First Potential Flip

[Robert Barnes]

OK, so I'm messing around here on BP and my girlfriend is on her computer next to me browsing Zillow. She comes across a 3/1, about 1100 sqft circa 1929 in severe disrepair listed for $6000. Yes $6000, six thousand, three zeros. Im trying to get in contact with the listing agent to ensure that isnt a typo, and to go look at the property. Also its been on the market for 41 days.

Part of me wants to do whatever I have to do to get it under contract, a house for 6k?? how could one not buy it?? The other part of me see's too good to be true, there's obviously something major wrong. Hell for all I know the thing needs to be tore down, but I haven't seen it in person. Nor am I a pro at estimating repair costs, obviously.

Obviously from the pics its a full gut job, new everything. HVAC, electrical, plumbing, windows, roof, kitchen, bath, floors, you name it. Not to mention things like maybe water damage and mold or asbestos and structural problems. I'm assuming straight away I would take it down to the studs. Im guestimating about 60k to bring it back to life, assuming it doesnt need to be bulldozed and replaced. Recently sold comps in the neighborhood range from 70k to 120k.

I guess the point of this post is what would you do?? Go look at it and make an offer contingent upon a home inspection (if the seller will allow)? I would like to set myself up to have a contractor or someone come with me to look at it but if I cant work that out how could I achieve a small period of time for due diligence without worrying about someone else scooping it up? Put it under contract with pending circumstances? First time going through all of this and im a bit confused.

Any help or advice is GREATLY appreciated!! I will likely be in contact with the listing agent in the morning and will report back with more information.