Difficult Job?

[Uwe S.]

I sitting here and think about a difficult job.

There two properties, one (first) in one of the worst neighborhood in town I know and one (second) in the best neighborhood.
I can take only one of these both properties but which.
Now you would say take this at the best location but there is a little catch.

Explanation:
First house is in 100% condition and if I say 100% it is 100%. Its rented for $600 per month and renter want to stay. Seller is scared and want a fast deal for $15k.
Second house is in very poor condition (I´d say 35%) and need complete rehab, same price like this first propertie and its vacant since 3 years.

Combs of first propertie $32-$36k, for second ARV should be $200k if rehabed but need $60-80k for the rehab.

Should I say "I take the first" or "I take the second" or "I do nothing here"?

Thats really a difficult job.

-Uwe