This is more like poker.

Equity, cash and quick closings are like having a royal flush in poker!

They both need a lot of work, but maybe I've been looking in the wrong places.Any poker players out there?

Brannigan's in Kalispell. 101 E Center St # 1, Kalispell, MT 59901We will be in the Poker Room upstairs.

If I was to design furnishes, it would be leather and dogs playing poker, with some John Wayne pics, lol. 

They are not an issue for me, and I have 24 with 83 beds.It's also like playing poker. 

It's like poker, even if you have the best hand, sometimes some one will suck out on the river.

He must not be a poker player."

Didn't really focus on it, which really means I was never going to do it.In March 2009, my wife introduced me to poker, which I quickly became enamored with as a game.  

She divulged this info at our monthly poker game... it just fell in my lap.Data:1700sf3 Bedroom, 1 & 1/2 Baths, w/  bonus office space1 car garage (typical for neighborhood)Comparable properties in neighborhood sell between $150-160kEstimated damage (moisture and general damage) with a contractor at $45k (yeah, nothing to sneeze at; new roof membrane, hvac and ducts (ducts on roof on old NM house), gyp bd work, mold abatement, all new flooring, interior doors, etc.New work would include redoing the kitchen (simple and small, maybe $10k)Upgrade electrical service so we can upgrade the AC ($1.5k)Spruce up landscaping front and back $5kSmall contingency of $4.5k for misc.I feel pretty good about $65k as a healthy flip budgetSo, she owes $98,000We think it only makes sense to go into this if we can get it for $60,000 max (begin negotiations at $50,000).Purchase + flip = $125,000Potential sale on low side of $150,000Potential Profit on low side: $25,000 - carrying costsSo, the real meat of the question (other than feedback on my flip numbers) is what to do about getting the property for its current worth.