You stated a monthly rent of 1500 which sounds great so lets take our return of $684.00 out which leaves $816.00 you state expenses of whatever it was like 932 maybe (too lazy to go back and look) anyway you are in the hole and NO I would not purchase this and shuffle dollars back and forth just wasting energy stirring up dust.

Commercial agents that can stick in there once they get established make KILLLER money.. and retire very wealthy as a general rule, they are on the ground floor of the bigger deals.. and believe me most of the great deals never get to market.Put time and energy into becoming a RE professional .. not some wholesaling wanna bee because you think you can get in with no money no credit no experience...

You probably saved me from getting seriously burned on this.

You can have a 7,500 sq.ft. stunning mansion that backs up to a burned our shell of a house. 

Second, what would I want to do with the property if the building completely burned down.

I suspect I have substantial energy losses because of it, but even worse, humid Summer weather is closing in and I bet I'll get water condensate like crazy.So, I'd like to insulate this ductwork.  

Question is whether to take the time and energy (and insurance claim money) to fix the property, or to just do the probate and sell as is.There are different factors to consider in decision, but I am asking about one related to selling price.

SourceLandlords kept financial pressure on tenants last month, as annual rent growth far outpaced households’ other costs, according to data released Friday.The cost to rent a primary residence rose 3.5% over the year through April, while the overall consumer-price index dropped 0.2%, dragged down by plunging energy costs, the U.S.

In your own home, the bulbs, particularly the replacements for halogen (GU-10, PHAR-20, etc) are a must - massive reduction in energy consumption and waste heat.In our rentals, we've moved towards using LED fixtures w/o bulbs {students will finger the LED bulbs just as readily as any other}.  

That proved sufficient, but I was surprised at the amount of upfront costs and small expenses that homeowners and investors face - taxes, assessments, energy bill one time charges, etc, etc.