Have you ever abandoned a property after spending $$$$$?

[Anastasia Jordan]

Recently while searching for available tax delinquent properties I found 3 that were previously rehabbed then for reasons unknown to me.....abandoned. I'm talking about rehabbed to the point of being move in ready. 

Has anyone here ever abandoned a property after 80-90% of the rehab has already been done?

The only reason I could think of would be because of the location (D-area) and reality kicked in that they would not get fair market value rent.