Potential Wholesale Deal Maybe? Thoughts?

[Cass R. Smith]

Hey BP, 

I looked at house with a ARV of 164-174k

The seller owes 100k on the mortgage BUT the house needs a lot of work.   40-45k in work.  Its in a nice area but the seller just let his house go down the drain.   He needs to sell because he had to relocate out of state a year ago and has been paying 2 payments.

Do you think I could create a win win situation?