If her niece is selling the house, the niece should assist her family member with finding a new place to live.  

I typically suggest my clients engage a land development specialist to assist with this process. 

If my low ball offer is accepted, and I end up spending a total of $5-7,000 (adding in extra for labor and any surprises)  on repairs, with an estimated monthly income of $650-700 in rent, and yearly taxes at around $1,000 I'm estimating I could make a pretty decent profit, according to my math it would pay itself off in less than 3 years.

@Ori Foyer keep in mind that if you have to pay an attorney approx $250 per hour, you will spend approx $1,000 to get the Seller into court after the payment of court and attorney fees.

You should set up similar keyword searches so that you are notified anytime a particular subject comes up....just be specific or you will end up doing nothing but sorting through your email notifications:)Don't hesitate to reach out if I can be of any assistance to you as you dive deeper!

Its a fact, you let a car sit without running, it will need some assistance to get to on. 

Im looking for any assistance that you all can offer me and would be very thankful for any help I receive. 

When the amount they lose is 1/4 of their net worth, they can't really afford to lose it.Good syndicators and anyone who raises money, that have track records, do not have an issue raising money, their issue is finding deals to spend money on!

Money and Time are both in short supply and I'd very much like the freedom to spend mine as I like.

Otherwise, you will likely be spending more on rent after your sell your house and may not be able to live in a home/area you want due to only being able to rent.