Need advice on how this deal! Lake front four unit

[Rigo V.]

There is a property listed on the MLS that is a lake front four unit. Its very dilapidated. Listed for 249K, spoke to the owner and he is willing to take 210K. The property needs a massive rehab of 250K. The property will appraise for 600-50K. Huge equity spread.

I am currently rehabbing another property so my funds are tied up. I was wondering how I can make money on this deal? Can I wholesale it? 

[Rigo V.]

@Tchaka Owen property would cash flow as a rental. There's 2 units that are 2 bed 1 bath, those can rent for about $1800 each. The others are 1 bed 1 bath and can rent for about $1600.

Its a solid deal just not sure how I can whole sale it to be honest.