Marcus McCoy's Advice

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Marcus McCoy wrote:

I met a man at my dealership and he is selling one very cheap. I need advice.
A gentleman came into my dealership and we got to talking, I guess he is moving to florida and he used to buy and flip houses, He claims to of owned about 100 different properties. He has a house that he wants to sell me for $500 cash, He said he would sign a quit claim deed and give me the house, The house isnt in the best of condition and he owes about $12,500 in taxes (water taxes and property taxes). I'm just wondering if this is one of those things that don't come by too often, Should I take the investement or should I let this one pass? Here is the property  Thank you,     Warmly,     -Marcus
August 24 2012