Won House at Auction. Water in the Basement. No Power.

[Atul Kaushal]

Dear BP,

I recently won a house at auction, the power is off, and there is water & mold in the basement.  Once I get the deed in about 30 days, I'd like to go in and fix the place up.  What is the best way to approach getting the water out, doing the demo on the walls & flooring, cleaning the mold, and rebuilding the basement?  I've heard that "remediation" companies can cost a fortune and wondering if anyone has faced this situation, what are the ways to get it done properly but also not having to sell a kidney to cover costs.

Many Thanks,

AK