I would agree that the value of the property will go down relative to current rates as the leasehold burns off. 

Explore your options and decide the best course for your situation.i have burned a house before (actually had the fire department burn it for me) but I had to make sure it was vacant first.

Trials by fire can burn. 

I have been warned by many many people now that they are more of a giant sales pitch than anything else and no one I've met that invited me to one has yet to be interested in working with a "newbie" unless you have a lot of capital to burn.

Better to share the loaf than burn down the bakery.

Motivation can be from relocating, divorce, burned out landlord, retirement, etc.  

It's when he uses a torch he accidentally burns your property down.

Awesome to hear Account Closed keep that flame burning and go be great you deserve it!

It will not make much financial sense burning another $32K on a property that is already costing you to hold unless it will be worth considerably more than that plus the mortgage balance after the repairs are made.

Comparing situations where the home is badly burned or vandalized and someone buys it for a dollar, how much work is too much work for a first deal?