I have about $1000/$1500 a month disposable income and need to do something productive with my life.

Less families/kids more disposable money, but more liberal policies and people who are more vested in the government than other institutions.  

You could consider it disposable but I am guess the costs to get it safe for habitation will really impact your decision.Regarding the house on stilts, if it is properly engineered it would be considered real property with a unique foundation.

•Enter the disposal date and adjust accumulated depreciation accordingly.

The problem is there is no income assumption you're making each month and how much of your money you're saving towards paying down your loan (inside your offset account with AIO CMG loan) since the disposable funds after your living expenses are transferred over to reduce principal balance each night at 12:00AM.

For example if you're in your 20s and have high income you could maybe take more risks than if you're in your 30s/40s with kids at home with a less disposable income. 

I assume many of these Sellers may consider other options with more information at their disposal.

Maybe that is not the case today, but I have always favored tanked WHs, especially on my own homes.Most people may not care about this, but.....in the event of a disaster, if you have a tanked WH, you will have 40-50 gal of stored accessible water at your disposal.

So, if you acquire the property and hold it for at least a year, then title insurance will be available when you dispose of it.

Without being a licensed mortgage professional some of these tools would not be available or more likely at the disposal of the marketplace and the 'research' or relationships they've cultivated with statistically limited mortgage experience..even as a professional great mortgage brokers and companies are hard to find...With 65%+ of residential transactions still involving a loans, real estate professionals with expertise in real estate financing will deliver enhanced value to their clients.