There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.

I would like to purchase a three or four Plex and live in one of the units.I understand I can use an FHA loan or conventional loan with only 3 to 5% down in order to get into the property however I live in a very expensive area and the properties I am looking at are currently 700+. 

Here’s why this market is so ripe:1️⃣ Mom-and-Pop Sell-Offs at Huge DiscountsA lot of these properties have been in the same family for decades, but now the kids aren’t interested in taking over the business or the real estate.

I previously owned rental property but sold them and am now looking to get back into real estate investing.

the  I have seen a lot of properties come and go.  

Held for 1 year, completed updates, the property appraised enough to justify sale.

I purchased a property in the 77003 zip code which is 1.5 miles from downtown.  

- Property Managers that you would highly recommend? 

Quote from @Amol Kulkarni: Has anyone used Homeriver Group Property Management in Jax and Citrus Spring.

The property sold for $154,900 on 2/7/25, delivering a successful outcome thanks to strategic updates and efficient project management.