What is the best strategy (if any)?

[Paul Simpson]

Motivated Seller

Wants to sell house for $75K

He also wants to finance if possible at 10%, 10 years, with a balloon payment.

He has done repairs, the house would only need cosmetic work and kitchen appliances

Inspection is complete

House is only worth $55K ARV

Market Value is $44K

What the heck do I do with this? Can I wholesale it? It doesn't seem like a big profit margin.

Could I possibly buy it as a long-term investment?

Could I flip it?

I'm a new investor and could use guidance here.