What would you do? Is there any way to help this guy out?

[Xai Xiong]

I'm offering 55k on a 75k property with a conservative ARV of 120000. The rehab project has been somewhat started but can no longer be completed due to health issues. But after a walk-through, its seems there still needs at least another 30k into it. He has put 65k into it total and has no money for closing. How would you make this deal work? Should I pass or how could I make this work out for both parties? Any feedback would be appreciated!

[Michael Noto]

Odds are if you are asking a forum if a deal is good or not you pretty much know it's a dud.