Can anyone maybe see something I don't?

[Mason Lopez]

I have a property I am looking at

It may soon enter into forclosure...the family is willing to rent from me if I purchase the house. I'd be walking into some huge equity since they want to sell it for what they owe on the deed. which is 140K. Contingent on the basis that I will sell it back to them for what I owe in 2 years....yes this sounds a little crazy, but this is for family and they just don't want to lose thier home. I feel like this would be a grerat stepping stone to start my business. I have never done this before.

From what I see. I may get up to about 71K in Equity I could leverage to buy another rental in the same city.

The home does not need rehab so I used the rental calculator.

Please any feedback is deeply appreciated!

Here is the analysis I came up with.

https://www.biggerpockets.com/calculators/shared/736013/2c72969c-1ad9-4166-9fa6-843e2f8b26e6