Fix the foundation, button up the outside and let it go to tax sale in 2 years and gamble on the overage.  

We just moved back to FL after 12 wonderful years in the UK, so I am fluent in British English, Irish English, American English, Scottish English, but Welsh, not so much!

It's been on my list, but I like to visit when I have friends to show me around and my SA buddies are all living in Australia or the UK.  

I receive emails from them and I see some very interesting properties worldwide (especially in the US and UK) which seem to be lucrative investments but I am not sure if/how to proceed.

Because Denver market is so insane right now, my boyfriend and I have decided that we're going to gamble/speculate.  

The city will be negatively affected if they do not diversify their product offering which is reflected in the reduction in gambling revenues and the increased emphasis by major casinos on entertainment (nightclubs and bars) as well as restaurants/shopping.Sukhbir

I have about 20k in the bank and am willing to gamble it on a big return.  

The sexy areas are a gamble on appreciation, I'd look for cash flow.I'm in Houston and can't touch anything within a 5 mile radius of my house where rent numbers work.

@Cal C: Yeah, I work at the JAC, but I don't have any interest in UK real estate. 

I have always been pretty frugal and think some things are a waste (gambling or designer clothes) but some things are worth the spending (travel)  I was actually in Vegas this past weekend with some friends who were gamblers.