I need some advice on a property with possible negative equity

[Chaz Edwards]

Hey guys, I have a question about a seller I’m working with. I found a house D4$ and got in contact with the seller. 

The house is in good shape, needs A LOT of cosmetic work and some mechanical work. When I initially spoke to the seller she stated that they were upside down on the mortgage and had out about $30k into the repairs so far including HVAC, electrical, and plumbing. None of the jobs are finished. She was very forthcoming about everything. She and her husband have to find out exactly how much is left but from what she was saying it could be anywhere between $100k-$120k on this house. The ARV is about $166k it's gonna need at least another 15-20k to get it ready for at least a renter. There's obviously the possibility of not being a lot of meat on the bone especially from the aspect of wholesaling. What recommendations would you guys make as far as exit strategy for this one? (If they are indeed under water at 120k) Or is it even worth dealing with, I want to help this couple out even if I don't make a lot of money in the deal. Open to suggestions.