.- He's asking $130,000 as lowest price for the home- Home appraised for $117,000 in 2014 according to records- Current comps show right around $120,000 in his area- (Sidenote: Seller paid $70,000 for the home back in 2010)I approached him asking if he would consider a lease purchase. 

Thoughts on how to approach this situation?

One of my wife's uncles was in charge of one of the properties which is zoned for commercial/residential, it is a 1708 Sqf office space/small warehouse on .36 acre lot.Which with some research it can be split into 2 lots.He let the property go to the dump, needs a new metal roof, and gutted, replace plumbing/bathroom, replace electrical etc...Now my wife’s Aunt is in charge of the estate and she was the one who approached me.She said they will "sell" me the property for $30K (estimates from Real estate agent say property is worth $43-$53K in current condition) Which then I could clean the property up and try to resell with the improvements.Now if I did replace the roof make the inside look nice and clean the overgrown landscaping I was told (real estate agent) it could get about $60K, but there are back taxes and liens on the property as well.Plus closing cost for when I sell it, I have run the numbers and it seems that I would MAYBE make $3000-$9000 conservatively.But I am real concerned over the fact that it is used as an office/commercial, and wouldn't this limit buyers?

Account Closed  Our approach in some of the villages is to pay to get the village inspection & GC bid complete before the end of the contract inspection period.  

Hello All-Long time lurker here; I've been reading and soaking up as much as possible the past 2 years, and have recently come across my first potential deal.Background-  I have been discussing strategies and seeking ...

Hello All-Long time lurker here; I've been reading and soaking up as much as possible the past 2 years, and have recently come across my first potential deal.Background-  I have been discussing strategies and seeking ...

Is the approach that he/she would function as the buyer's agent?  

The "I don't care approach" lacks integrity and care.  

As I approach a career transition, I am looking forward to starting a new business endeavor soon with my wife into the real estate world, with the goal of one day getting out of the proverbial "rat race."

:-)  Hello Amy,This is a really good approach to investing in the industry.