They say something like sell/transfer for $10 and other valuable consideration.

But here is my dilemma even though the home is in very poor shape it sits on 1.4 acres my question to you is should I take that into consideration when I make my offer or just base my offer on the house alone?

He replied with a statement that he told me to never forget:“Everything is negotiable.”Powerful words and consideration that I have applied every day of my live ever since.I am sharing an experience.

I really think you want to take many factors into consideration when analyzing.

The existing condition of the property isn't as much of a consideration...the value of that land with an income-generating unit exceeds the current costs. 

The main consideration should be engaging a CPA who specializes in real estate.

A consideration, as a guy with three young kids, is that the extra bathroom is a necessity.

That said, are there additional considerations we should be aware of?

What I simply meant by that is that I'm taking into consideration what they are saying since its a perspective I haven't thought of yet.Yes you are right the question was "How to..." not "What is your opinion on..."

There are multiple considerations.