I am not sure what the means for insurance payouts, replacement value and property value are VERY different - does anyone know?

Given that I would pay 3/4 of the property's assessed value I think this could be a great opportunity.

Also, check out if there’s any new development or improvements happening nearby, as that can boost property values.

Thanks for the share @Neil NarayanAnd good point on considering other metrics like home value growth, price drops, etc @Ryan KellyFor anyone interested, here are some visualizations on these zipcodes

If they've genuinely abandoned, you'll notice their clothing, personal hygiene, and things of value are all gone.

Daniel,Memphis is a great market for investors and we have continually seen growth in both rental rates and property values. 

Also, if you buy using a hard money lender or cash, Zach Starnes can do re-fi's off the appraised value shorter than the typical 6mos and then you might not need any money down if you buy at the right price.

I’d try my best to be outside the beltway in Baltimore county, generally the nicer areas, I tend to especially like Towson, lutherville, even parkville is a good value. 

Personally, my primary residence has appreciated around 6% in market value and I live in Levittown. 

How did you add value to the deal?