Like I said I buy homes. I would give ypu a written document outlining my offer. I see you are in 23226. My most recent house was in 23225. Off Warwick near Whitehead. I am a legit investor in ypu area. I also have a network of local investors. If I can't help you I can introduce you to them.
If the house will sell for 120k, and the investor expects to put in 70k, they are unlikely to pay more than 30k for the house.
If you think this is wrong, get a bid on redoing it, and develop it yourself....
Please start with a local licensed Real Estate Consultant specializing in the Richmond, Virginia Real Estate Market.
Richmond is offering a Wonderful tax program and you really should understand your options clearly before deciding whether renting the property, finishing the repairs and selling or selling as is.
You really do need someone familiar with the market to advise you and look out for your best interest.
Real Estate Consultant
Coldwell Banker Virginia Colony
Also, only a licensed real estate agent can sell property in VA unless they are the actual owner. Be wary of anyone who tries to take over any mortgage and rental payments and offers to sell it for you as a guarantee!
Hope this helps...good luck with the sale of the property