I visited a property today that is a 1513 sq ft Colonial - 3BR, 1BTH. The owner was just layed off and wants to move out of state. The ARV is $168,000. He has first mortagage for $115,000 that is 7 years old. He has a second for $25,000 and an additional loan for $10,000. The house needs exterior painting and carpet and paint inside. Is there a deal here and does anyone have any advice on how I could structure this deal.