First potential deal subject to

[Julio Cesar Lopez]

Hello everyone, first and foremost would like to say I'm a newbie so bare with me! I have a possible sub to deal and would greatly appreciate any input or advice!

Property details

* ARV 3/1 : $160-170k

* ARV 3/2: $190k (Potential if Garage is converted to a bathroom)

* Mortgage balance: $143k

* Rent estimates as is: $1400-1500

* Rate: 4%

* Term: 30yr

* PITI: 1410

* 1980 built

* Repairs: cookie cutter 10-15k

New roof, HVAC and wiring is in great conditions

according to seller.

* Seller wants to clear 18k, but is open to negotiate.

was thinking of offering around 7-10k

Seller is in dilemma and cant pay next months payment due to COVID-19 and is in the process of moving into senior housing. I have an appointment with her tomorrow evening and ultimately want to be prepared as this is my first ever appointment. I haven't presented her my sub to pitch yet but i will make sure she understands and fully agrees if thats the exit strategy i end up going with. Ultimately would like to wholesale this if seller agrees and understands the process of sub-to and essentially having the end buyer taking over. What would y'all do?