Wholesale or Rehab???

[Account Closed]

Ok BP I need your help on this one. I have a seller in a historic district in New Orleans and the property is in a great location and I know it can sell for at least 200-225K ARV. The home is a double approx 2700 sf and her son lives in one side and the other side is vacant. No structural damage just needs some TLC. People have been making offers on this home day in and day out because historic homes in New Orleans are HOT Right now. The demand is a lot higher than the supply. Comps in the area are going for 225-300K. The seller wants 100 K. I tried to negotiate a deal where I rehab and give her the 100K on the back end (of course I would've negotiated less than 100 K before the purchase agreement) but she wouldn't budge. She wants the 100 K and wants out and she knows the value of her home. Title is free & clear. An investor could stand to make 80-90 K but I just can't see how I could wholesale this deal. Seems to me this would have to be a rehab. What would you do in this situation??