If you were to ask me if it was worth it though, IDK...

Of course it probably wasn’t even worth the amount owed in taxes as nothing could be built on the lot. 

Always Always Always get an inspection if your not going to view it yourself and get someone out there that you trust to look at it for you.

We actually determined it was NOT worth it to pay 50% down on the property.

The mechanics of the transaction were actually very involved and some of the most intricate and detailed of any transaction I've been a part of, however the results were worth the effort.

Therefore I just bought a house with $123,000 worth of equity when I walked in the door. 

Have to agree with most here in that a SF-> duplex conversion needs some really specific qualities to be worth the squeeze.

That first deal after a break can feel like a big leap, but it sounds like a great opportunity.On financing, seller financing, private lenders, or portfolio loans from local banks could be worth exploring if you want alternatives to hard money.Excited to see how this deal goes for you.

If he bought this property ages ago for $33k and it is only worth $50k now, I just don't think that the juice is going to be worth the squeeze.

A contractor left a back door open one day and someone walked into the house and stole $2000 worth of tools.