Creative ideas?

[Sam Williams]

I got a 90 year old house under a wholesale contract in st. Petersburg, FL. It's a cool looking 2 story Key West style house. The problem is that it needs considerable work. When I put it out on Craigslist / Zillow at $59,000 (comps say $102K) there was a lot of interest and people went to look at it but that was the end. Not even a counter offer. I had to cancel the contract. That was painful. Now the owner has offered to drop the price $5,000. The more I think about it the more I think it should be a tear down but I'm too new to take on such a large project. I thought about owner financing and maybe trying to sell it but I think it may be to scary for anybody to deal with and then I'd be on the hook. Does anybody know of a simple, creative way through this mess. I really want to help this lady. Thanks, Sam Williams