Hi Eric,To be direct, this is not a property that a local, experienced investor will buy. 

Watchout folks if you don't have an experienced partner in pre foreclosure.  

The flippers in my area who are most successful are also very experienced.

The location is prime—adjacent to a college that has experienced 37% population growth over the past five years.

One of the absolute best in the area and would be the complete opposite of what you have experienced! 

Here’s an example of bonus depreciation.Here are some of the current trends that are highlighting the importance of a cost segregation study.Contract Logistics Expansion: Experiencing growth in contract logistic divisions leading to outsourced warehousing and distribution activities.Warehouse Technology Advancements: Integration of AI, robotics and IoT allows for operational efficiencies including reduced labor costs and improved safety.Warehouse Automation Growth: Significant growth signals a need for efficiencies and the adoption of new technology.Warehouse Space Expansion: There are ongoing developments in the warehouse space to help support the growing demand for infrastructure and warehouse space.Robotics and AI investments: There is a demand for faster throughput and immediate fulfillment which is causing investors to invest more into AI and robotics.Cost segregation becomes an even more critical tax strategy as there is an increase in investments in automation and technology as it frees up cash by creating additional tax savings.Some of the financial benefits that a warehouse investor can expect from a cost segregation study include:An increase in cash flow for automationImmediate tax savingsEnhanced warehouse property valueImproved warehouse ROI by reducing tax liabilities and increasing cash flow.There are many items that can be reclassified for accelerated depreciation through the use of a cost segregation study.

Short of that, hiring an experienced general contractor or (probably better) and architect would be the way to go. 

The Worcester Investor Network hosts informal gatherings where experienced investors share their insights.

I would agree with @Jay Thomas that all 3 cities and the other big cities in Texas are all experiencing growth in both urban and suburban areas. 

. - In no way do I mean this to be insensitive, given everything that happened over the last month and the suffering that people are experiencing right now.