How do I know if this is a good deal or worth pursuing?

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I saw this post about a house in my local market that is selling for the price of the mortgage. I'm trying to get my first l/o or wholesale deal done. At the same time, I'd like to find a property that I can get into myself without any money down. Is this something that I should look into? Let me know what you think.

Mike

Here's the house:

http://www.cytadia.ca/885.html