Any luck purchasing 10k "Condemned" & "Burn Out" Homes?

[Michael Lirones]

Any luck purchasing 10k "Condemned" & "Burn Out" Homes?  I have an opportunity to do so in Southwestern Michigan (not Detroit)...90 minutes from Chicago and 5 minutes to the beaches of Lake Michigan.  High rental demand (Section 8 too).  Advice?

[Chris Martin]

Advice? Buy if the numbers work. There are always opportunities in buying real estate, businesses, companies, etc., as long as you know (or think you know) what you are in for. There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist. Weigh the pros and cons. Good luck.