Galveston, Texas?

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I'm looking at all the foreclosures in Galveston and the very cheap prices and wondering.

It's beach property. It's very cheap. Is it worth the time and expense for me to fly down there and stay for a month or two and pick out a few parcels for myself to purchase?

Are the $20,000 properties salvageable, or are they tear-downs? Are there slum areas to stay away from? Is the weather tolerable?

Are there tenants? If not, is there a market for vacation rentals?

Anyone from Texas want to share information, please?