Rehab nightmare that I bought from my niece who let the house go!

[Dave Neeley]

I bought this house from my niece.  It had water damage. I put a new roof on it $6400. I had to rebuild a wall $3a400.  I had the foundation stabilized $1800.  All the drywall has been taken out because of the water damage. The subfloor is questionable.  I still have to hire a plumber to plum the house and the electric will also need hired out. After that the house can be put back together.  I am estimating another $30000. The house right next to it sold for $20000 and is habitable.  The house across the street has grass 4 feet tall. There is a condemned house on the same street.  I thought  maybe I could rent it for $550. Should I try to sell it for whatever I can get?