How distressed is too distressed??

[Markeilsha R.]

How distressed is too distressed??

I found a deal and the REO agent wants to get the contract going now. The property, once repaired is worth 200k. I can get it under contract for less than quarter of that. the problem is that im out of the area and not sure how to go about doing repair estimates, along with the fact that I dont have a cash buyer on hand.