It seems like the property itself is a total rehab. Problem is, the community this property is in is a rental community, not a fix and flip community. Judging by what you see in this video and the pictures, what do you think the repair cost would be to make this house acceptable just to be rented out?
I live in a town with pretty low property values. A house in a condition like that would sell for $2000 in this market. If it was in good condition, it would sell for $10k to 15k. There are people in this town that buy houses like that and do all the work themselves, then rent them out or sell them. Find someone like that and get rid of that property.
@Chadwick Cadet based on what I see, it is very likely a teardown. There looks to be very little that is salvageable, but, if you wanted to bring it back to the studs and try to renovate it that way, I'd say you're looking at a minimum of $70k
I live in a town with pretty low property values. A house in a condition like that would sell for $2000 in this market. If it was in good condition, it would sell for $10k to 15k. There are people in this town that buy houses like that and do all the work themselves, then rent them out or sell them. Find someone like that and get rid of that property.
@Chadwick Cadet that's what it looks like to me. From what I saw, it's a gut to the studs. New electric, probably a replumb, new roof plus roof structure, drywall, insulation, and then the interior remodel. It adds up fast
You are going to have to tell us some basics like where the property is located, and how many square feet it is, to get even a super ballpark answer on repair cost.
@Chadwick Cadet You're basically rebuilding it, but it's more challenging because you have a lot of work to do before you can start. It's pretty much worthless because it would take every bit of $70k to rebuild.
You might want to market it as land with a tear down on it.