What are the best options?

[Ben Roberts]

An out of state investor contacted me about a home he recently purchased in north Memphis, TN.  It's a 4/3 about 1800 sq ft, with a garage. Built in 2006 in a heavy rental area, a B class neighborhood.  He bought the home in 2014 for $81K and has not had a pleasant experience with his current prop management company.  He's at the point that he just wants out of the house.  There's really no equity here, the home is probably worth $81-$83K.  Rents in the area for comparable homes are $900-$950. 

He doesn't want to sell with an agent because he'd have to up with cash out of pocket.  I thought about trying to do a 'subject-to' agreement then renting the house out myself or offering it as lease-to-own.  Are there any other options that I'm not considering? Even if I don't make money on the deal, what sort of options can I offer or advice can I give him?

Thanks

Ben