What to do when a houses repair is more than its value.

[Keenan Smith]

Hello all!

I sent out mailers and got a serious response. This gentleman had called and said that he is selling his rental homes for 20k and they are about two hours away, so off I go! One of the homes is sincerely vandalized and the other needs work as well. It is a rental community and the areas rents are about 500 for the type that it is. It would appear that the ARV is possibly 30K for each. Does anyone have any advice for a situation like this? Any guidance would be appreciated, thanks!