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House under contract in a pretty rough area. Not a good area for fix and flip, but will cash flow for rental. House doesn't need much work, maybe about $5k, or so we thought until the termite inspection came back. There's serious damage, but no way to know exactly how much without tearing out drywall and removing exterior. The seller has no car, so she doesn't have many options. What would you do?

Well, if the termites are active, I'd walk away. If not, then I'd discount it a lot more to mitigate the risk.

In Atlanta, you either had termites in the past or will have termites. It's not so scary except for the fear of the unknown.