What would you do with this property?

[Jason Medina]

Hi Everyone, 

I received a call from an owner in the LV area that's moving at the end of next month and needs to sell their property.  Their property is worth $260K and the least they're willing to take is $215K.  It requires about $20K to bring the property up to date.  I'd need the property at $180K to flip it myself and the rents about $1400 month.  What could you savvy investors do with just $45K of equity?  Oh they need the cash for a down payment on their new house and to pay off their current loan.

Thanks,