anyone rehab a SANDY damaged WATERFRONT home in Long island???? freeport massapequa etc...

[Peter John K]

SOOO... I was browsing the web looking for different deals and yada yada yada i see this advertisement for a 2 day special auction where 150 sandy damaged homes and lots will be auctioned and 24 with water views and 70 with actuall water frontage bulkhead etc... 

the cheaper ones had pre storm values 220k-550k and starting bid under 100k but not on the water

the waterfront homes with that start under 100k are all scheduled for demolition HOWEVER there are a few starting 110k-240k with pre storm values of 450k- 1.2million...

So they had the brochure for free on the line but make you purchase a information package with all the due diligence from title reports to sales agreement for the properties...

So personally i will not consider a property scheduled for demolition..... Is it possible to get a good deal and be able to rehab the house and get proper insurance or will i be forced to rebuild anything i get thats on the water??????? 

i like being in the NE in the summer AZ gets a bit to hot for me and last summer i almost bought a boat until i found out how much it cost to keep it in the water and than pull it out and store it over the winter.... So yea thats why i really want to go to this auction i have no experience with water/ storm damage i just want a place to keep a boat...

What are some best case and worst case senarios the pictures of most houses with the open houses have dry wall cut out about halfway up the wall and most floors ripped out except for some plywood etc.... the ones with no open house have been deemed unsafe for entry by the State of NY so they obviously need more repairs than i am willing to do....

Thankyou all in advanced