@Donald Patterson , I agree with @David Kohn  -- this could be pretty sweet if you could get it for no more than about $125K.  

Build in PM and a maintenance person costs and offer accordingly.If you have to assume self managing and making your own repairs to make the numbers on this deal look sweet then do not do it.

@Chris Doyle - sweet pic dude.

2 months ago I lost a SWEET reo deal and I'm pretty sure it's because I asked for (and included $200 payment for) a 7-day option period.

Sweet....

Maggie has the small mountain town vibe which is nice get away from it all feeling and only 45 mins from DT Asheville it makes for a sweet spot. 

That's all it is.It's sad that you feel it's necessary to call a little sweet old granny a "fraud" and "scammer" because she wants to sell her interest in the home she raised her family in on her own without the "help" of a Realtor.All of the 'public outcry' is Realtors complaining about people they view as competition, whether it's an investor, an FSBO, an FRBO, or a wholesaler.

I wasn't sure if the bank doesn't just take there sweet time waiting on someone to pay much closer to asking price.

I am closing on a deal next week and would have to use a private lender for this house as I've committed my free cash to pay for the rehab of the other property but I don't mind paying extra interest on a deal this sweet. 

I'll try and keep this short and sweet (once this project is over, I'll spill all of the gory details)...Working on a flip, signed a contract with a GC (great reviews with BBB and online)......paid him some $ up front.