Justin Dossey u, There is always a deal to be found.

@Justin Hull   Real Estate has been for a long time a  great investment,  the "Tradicional Investments" has been for less than a 100 years,  You can use a lot of Leverage on Money,  work and time on Real Estate,  you are the one who controls your investment, ask her to read Rich Woman and start listening "The Real Estate Guys Show podcast 

Just in case you're curious, the property seems to be not actually for sale. 

If I win a bid for $85,000 then I have to have $85,000 in cash right then.Check out this PODCAST WITH JUSTIN STAMPER because he talks about buying auctioned properties and some off the issues.

Just make sure you don't get a fancy house, your just in college you don't need anything fancy.

This past few years they added a few things to their inspection though...for instance every sink must have a stopper, so I buy a package of the rubber ones each go round 'just in case' .

Just in three replies you have one "insane", and one "this is typical".

The comps show the market value is about 45 to 52KIt is just in a bad city.

@Wagner Alcivar just in case it matters, if you would like for a non-occupying co-borrower to be a part fo your FHA loan it is allowed but it changes your down-payment to 25%....so not really a reason to do it.  

Thank you very much @Justine Scheuher!