I wouldn't gamble on a gutted house unless I was planning on fixing a good portion of it myself and if the house was in a decent area otherwise I look for houses that have at least electrical, plumbing, a decent roof, and most the drywall in tact.

Over 6 months it's likely to be minuscule and not worth the gamble.

Well I did some digging on whitepages, and bingo I was able to find the sister in law, and cold called her (a first lol)Sister in law, really wanted nothing to do with the house and stated that the sister in law had a gambling problem and that the house was worth nothing because of the money owned to the casinos.

Louis, in a message, and thinking about my answer made me think about the bigger picture -- that I’ve chosen to work and help revitalize this city for a number of reasons.

SATISFIED WITH THE SALES PRICE: I understand I may be selling The Property for less than market value but have chosen to do so because circumstances dictate that an immediate sale, even at a discounted price, is in my best interest.

It's a sort of a gamble still because the economy is mostly bolstered by State employees, and prices are relatively high still for decent properties.

Even if it could be a 3 unit, don't forget to consider whether the ongoing code, registration and/or inspection requirements are different for 2 units vs. 3 units - usually more units is the way to go, but at least once we have chosen to go with fewer units because of the cost of meeting code requirements at the higher unit count.In some areas (including CT and NY), the "county records" are up to the tax assessor, but the code enforcement office determines permitted use, and if there is a conflict, code prevails.

Anything less is gambling not investing.

So do not discount the MLS but in addition, use this site and any local REIA's to find wholesalers and agents in your chosen area.  

It's a bit of a gamble, but can save you money if you find the right deal.Good luck!