Potential First Deal Advice

[Jim Tedder]

Found a FSBO property I'd like to get some feedback on for a potential deal. The house is in very poor condition. 3bed/1bath with full unfinished basement and a pull under garage. Has been vacant for at least 7 years, and will need a complete rehab in every area (elec, plumb, HVAC, floors, roof, kit, bath, etc...All) Tax value is 100K. Large lot with a fenced in portion at the back currently begin leased to a commercial veterinarian for $1200/yr, which pays property tax amount. This arrangement could remain with the sale. Comps are selling from $85K to $97K. The owner owes $38K to a private lender with no interest and is looking to get at least $10-$15K in cash up front to settle some judgments. This is potentially my first deal so any feedback would be greatly appreciated. Thanks.