What are your thoughts on this as an investment?

[Michael Campbell]

My brother and I just started REI recently and we've been hesitant to venture outside of a very narrow formula that we started with: particular city, particular side of town, price range, x, etc. So far it's been working for us pretty well but inventory is low and it's been challenging to find stuff that fits. So we're starting to expand a little.

Anyway, this little dump shows up on CL:

This is way outside of our investment model as we don't do complete tear downs, and that's really this looks like. We also target a different type of tenet. Never-the-less we need to expand our scope to continue so I'm interested in thoughts from you guys.. would something like this be interesting to you? If not, why? Or what price would it be? Have you guys ever bought a property and had to evict tenets for rehabs? How difficult is that process?

Any thoughts or advice will be great ammo for us later.