Help me Analyze this deal

[Pam Holbrook]

Hi,

This is a property with a motivated buyer, they're about 10k in default. The asking price is $137,000. 

The area is a small town with a tight rental market in northern California. Not much expected growth. There was a murder in the house 5 years ago and the backyard is against a funky motel and mobile home park that is getting cleaned up. I actually talked to a policeman and he said they hardly get any calls there any more and it's a good neighborhood. 

Thanks!

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