Are there any house at that price point that would rent for $1200-1500/ month with 20k worth of updating?"

It's now worth $600K.

What may the property be worth then and how much cashflow might it be generating?

Zillow is saying the house is worth $90k but recently a tree went through the back end of it and I was hoping to get some information on possible ideas or suggestions on what I should do about the situation.

Trump is the first President I am aware whos net worth went down while he was the President. 

If you found this buyer I would say that its worth finding and then looking for the sellers but I believe that would take a lot more time than finding sellers and getting a bunch of buyers as opposed to just 1.

Hi Joshua,We do have a current house in Idniana worth around 120K.

Is the lot itself worth 10k?

As others pointed out, there are overlapping features, so does not seem it's worth it.

But there are some basic bid issues owners are often unreasonable about:1) There really isn't time to get multiple bids- No heat during winter or ac during summer can often result in a municipal ticket or worse2) The job is too small to get bids- Estimated cost is $700 - how is saving 5-10% worth the time getting bids?