assignment HELP!

[Susan McCormick]

Okay, folks here I go again. Supposed to meet a guy today about a house, okay house, had it just inspected for termites, which it has quite a bit of damage. Plus leaky roof and dilapidated porch from roof leaks. House is seemingly okay inside from window peeking, has nice wood floors and old Fplaces too, even chandeliers! Well , it is in an ok section of town-aah does have section 8 in the "back Yard" , oh well, but one similar last year or so sold for $85k. okay, the guy paid $45k now he wants $55 since I told him MY plan to flip it, he since became ill and cannot rehab it himself-so really wants out. I buy/it for $55k and flip for $65, enough spread to make a deal for a rehabber?? Comps from Freedom soft say value is $96k, but I do not know HOW extensive the termites are, and it looks also like the plumbing and heating stuff may have been robbed also. SO, biggie Q.-would another investor even want it? Okay, I just answered that myself---"JUST DO IT" NIKE that house! Have an escape clause...right and give it a whirl!! How bad could I mess this one up?? Okay, no real book here, just nervous----again! Thanks in advance. SSM