I don't have any rental units along the Shore, but I do live here and I can tell you that towns are still recovering and still rebuilding.

I agree with rob tear it down and rebuild it with stairs.

Some people have the ability to rebuild even if they go bust through innate abilities or perceived superiority in skills.  

Make sure you get quotes for full replacement (rebuild) and for cash value. 

It's better to make your big mistakes when you are younger and gave time to correct and rebuild, if really big.

Awesome advice....I used this to rebuild my credit.

I like the idea of bulldozing and rebuilding depending on sale price.

Aside from a Hurricane Sandy rebuild, I have been maintenance free for 4 years.Good Luck,Missy

hi jeremy. i would agree with bill. i would bet the downspout was draining right next to the foundation which is completely against the whole point of a downspout. you want to devert water away from the house, not dump huge amounts of water right next to the house......lol. i would have to say, from a home inspectors point of view, the water has probably eroded the soil beneath the footing and caused the footing to collapse, allowing the foundation to crack and collapse with it. you could get away with just tuck pointing it, but it will come back. the repairs could be extensive and expensive and jacking the house could be involved. it could also involve a small area of the footing/ foundation and allow you to rebuild just that area too. hard to say without actually being there. check with a local structural engineer and weigh the costs verses the value of the house. after all, thats what real estate investing gets down to. good luck to you

From what I recalled when I looked everything up on the assessors website, the company who purchased it, had it for some timeThe property info:It is a house that I knew from first blush would DEFINITELY be a scrape and rebuild potential, as it looks wretched.