Taking Over Debt. Please Help!

Taking Over Debt. Please Help!

I am as new as they come. I have a potential deal. A woman has about 47k worth of debt on her home in taxes. She's willing to let it go for that amount. I believe the ARV is somewhere around 150k. At the moment its MV is 126K. The house needs to be gutted. Her words. I'm putting about 40k for that type of work, but still I'm not sure of that either. Could you please help me?

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