New from Memphis

[Rob Williford]

Hey everybody!

New guy from near Memphis with lots of questions.

Here is one that I don't have an answer to but it would appear to a newbie to be a nice one.

It's a case of the worst house in the best neighborhood.
The home is 8,000 square feet. Appraised at $811,000 and foreclosed on for $550,000.

It's beautiful and its REO and not MLS listed.

What would you do and how would you do it?

This may be a broad question, but I am intrigued to no end on how to make money on this for myself and others.

Thanks in advance,

Glynn