The asking price is $45k. The only things that we can see that aren't in great shape are the walls and the upstairs carpet. It has a few scrapes, so we will want to paint. And then there is something yucky in the carpet, so we'll want new carpet in the 2 bedrooms. So... unless the inspection reveals some major defect... seems like a pretty sweet deal.
With our mortgage and escrow for taxes and insurance together with HOA fees, we will barely be paying more than we did to rent our apt back in Provo. Sweet.