Next door property (bank owned)

[Mike Ross]

Hi all,

When I bought my house roughly 2 years ago, the gentleman next door was explaining to me that he was on disability, however, his checks weren't coming in fast enough, and he was going to lose his house. 

It went to Sheriff's sale last year in November (25th), and a bank bought it.

AMERICAN FINANCIAL RESOURCES, INC. for $56,800.00.

The house is still vacant to this day, and it's sitting on a pretty nice parcel of land. 1.5ac. I'd like to consider buying this house for either a rent, or a fix/flip, but it's a manufactured (double wide) on a poured basement. 1800 sq ft total upstairs. Full basement. Same amount down there.

This would be my first investment, and I'm not even sure if it's a good one, but it being next door to my house, I can definitely find the time to do a fix/flip, or, I can definitely do a rent on it. I have the time regardless. I just don't know enough yet about buying from a bank, if it's a good deal, if I should just let it be, etc. Any help would be greatly appreciated!

Mike