MOTIVATED SELLER!!

[Christopher Moran]

So I have a highly motivated seller who has 2 mortgages.

1st 219,000

2nd 58,000 both at 5.3% =277,000  property needs 20,000 of repairs

ARV IS 310,000 she's willing to bring some money to the table to get out of property, she's coming out of pocket $125.00 a month to keep up with the mortgage It's renting for 1800 and has an In-law that's not legal renting for $800 a month. I don't see a deal here , not sure what my option's are? owner finance or lease option maybe? Not sure I want to be a landlord? and the In-law is an issue with the way she has it set up, already talked to the town and got the detail's on how to make conform to there standards . I don't want to suggest a short sale . Any ideas would help. probably not a good deal but I figured I'd put it out there ?

Thanks in advance