Should I go through with taking ownership of the property and try to salvage it for profit or do I refrain from even involving myself in the situation as it may cost more than it's worth to save it?

If they are making so much money why are they not being responsible to do what they say bi am shocked so many people involved in this but I am not alone.

Depending on where the property is and the lender involved, and what he has told the lender, and so on and so on, you handle things accordingly.

Hey @Edward Zachary Samperio, have you called each municipality involved to double check the regs?

Worked out nicely for all involved. 

I knew this 4 years ago and decided to build my real estate portfolio to get enough know how to finally get involved.

Undoubtedly, your involvement has lead to increased business funneling to Obie...Two questions:Does Obie insure free-standing mobile homes (without land)?

@Brad Kanouse I have an idea that doesn't involve drawing from your IRA.

Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.

One option I have is to demo and rebuild the house using insurance money but it will take about a year and lot of involvement.