Fire damage...

[Jeremy Bridges]

Good evening, I'm new to real estate investing so hopefully you guys can help me out.  I've come across a home that has some extensive fire damage. I'm wondering about strategies to aquire the property and any advice from those that have rehabbed a property with extensive fire and smoke damage.  I'll tell you the little that I know.  It's an all brick home from the 60s.  So far what I can tell it started in the kitchen and moved to the side room. It burnt out through the roof, so I believe it burnt for a while.  The home is just under 1700 sqft. They're asking $50,000 for it and I figure a house in that area that size in pristine condition would sell for around $145,000.  Any advice would be greatly appreciated.