Pros and Cons on buying city owned properties?

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Hello I would like to know if anyone has ever bought a city owned property. I know that when you buy city owned properties you have a certain amount of time to get them repaired and also I know that there are a lot of grants out there to apply for. I just want to see if anyone has ever bought a city owned property and how was the experience.

@Justin Reyes although I have not purchased a city owned property yet, I am assuming it be like any other purchase. You just really have to do your due diligence and communicate with the town before purchasing to see what the required time frame is for the repairs to be completed in.