Water Bill is higher than the property value
Long story short I came across this lead where a guy owes about $8000 on a water bill after the tenants cut on all the water and left as revenge for being evicted. The property value is maybe $5000, its in really bad shape after that. Needs windows, paint, exterior, interior...it needs everything. The owner has it in an LLC and just wants to make $1 from the sale. It looks like the only solution that exists means him bringing money and maybe reducing his out of pocket cost.
What do you think? Any details you need to figure an angle please let me know.