Worst case scenario: Tenant didn't pay his utility bill and there are frozen pipes or a fridge full of spoiled food, some carpet is trashed, there are holes in walls and doors, and the place is full of pet hair, odor, and stains.

- there were clothes and crap everywhere, dried disgusting dishes piled higher than the sink and all over the counters, garbage everywhere.

Direct Sunlight, .03-.05 ppm ozone, dry heat over 100 degree, medical grade hydrogen peroxide, etc.  

It is under 1000 sq ft livable space with a dry basement for storage and laundry.

As he is 10, I don't think I have a whole lot of time left to really get that through to him.Wife is a hair stylist and makes about $24,000/yr. 

My initial thought is to add 10 acres and see a nice increase in value but I'm sure its not that cut n' dry.

But i would definitely offer them money to leave .. leaking ceiling is not a reason to replace it .. it will dry provided the problem is corrected. 

I am not trying to take advantage of other's misfortune, but regardless of what I do, the market is driving prices up as demand for move-in ready dry properties is in shorter supply.I stand to net about $50k if I sell. 

I really wanted to rent it our for a business (would be a great thing to have like a hair/nail salon in there) but the zoning rules do not allow us to do that :-(

@Demetrius Davis But as of now Indiana is just as dry as Illinois as far as finding good deals.