3bed/1bath house best I could offer was lot price...

idea's or suggestions?

Find out what it's going to cost to get it rentable. Also, ask your real estate agent what it would rent for and what conditions will demand various rents. If you did xyz, how much rent could you get? Is it better to bulldoze it and start over? Probably not. I've met many pessimistic contractors. Find one that works with investors. He'll tell you the real costs and what it actually "needs".

I'll take 2 or 3 contractors to a site. The first guy says it's crap and I should tear it down. The other 2 see promise and potential. Not all contractors are built the same, so get a few!

Do you have a good realtor yet? They'll be a good resource on the area and if you can profit.

No I haven't found a good realtor yet, my first didn't like his margin of profit he was used to his 3% ranging from 15-45k and told me I was not a real investor and good luck! Tisk...I wanted to show him my back end but, I have a reputation I am trying to build so I gritted my teeth and have been seeking a new one since. I was considering offering 3% for anything they find and we close and 1.5% for anything I find and we close but as I am still new I think I'll suck it up and accept 3% for now.

Hehe, I kinda believe my general contractor there is no way this property could be capable of being rented the foundation is so sooo bad. I wouldn't have been shocked it an earthquake had caused it. I was literally walking up and down waves of it (pier and beam) and half of the den room was raised up and beginning to fall in on itself that and ceiling that was coming down in the den it needed a the roof with a lot of repair work or replacement to the soffits and fascia not knowing what damage to the eaves was or any truss damage as there was some past leak issues we noticed and we couldn't find a safe entrance to the attic it the gutters were completely missing on the front and sides of the house and hanging barely in the back.

I wasn't feeling good about the asbestos siding unless we were able to cover it not tear it down ><...and told the hvac unit was missing its heat shield or something like that I didn't look. The general contractor (been doing it for 27 years) believes it would be a huge money pit. I think he might be right that is some major work needing done not including replacing drywall and doing something with the flooring as I have no idea where I would start they had everything from hardwood, vinyl to slate floors that was cracked or bowing (first time seeing slate floors). It needed all new appliances as the ones there were broken or missing hardware and outdated by 10-15 years easy. The bathrooms had exterior lighting installed and that just blew me away because of that and some shoddy plumbing installation work I'd say a great deal of the plumbing and wiring was DIYed. I think it was fair saying bulldoze it and start over. I just don't know the land price so I just offered tax assessed land value and was hoping that the land would really be worth more to cover the cost of removing the house or some of it.

Is it really possible to sell a house as a lot? What does the tax assessor's office say? Would't you need some county officer to make that distinction from "house for sale" category to "lot for sale" category? It does seem like you would need a consensus (or group) opinion from different parties as to how to handle this situation. Keep pressin' on ! Best Wishes to you!

Do you think there is any value for scappers? In our area, people will pay you to tear down (certain) buildings as long as they get to keep the materials that they salvage. I don't know if there is anything of value to them but it would save you the demolition and leave you a clean lot to sell.

May be unlikely in your situation, just wondering...

It is a 3 bed/1 bath and the tax assessor is rating the house in generic worth of 39k. I have yet to work around the issue of changing any category as they have yet to sign any contracts the property is in probate and like I said in horrible condition it has 3 heirs that will take a piece of the pie that is their profits so I am sure they will try to hold out for a while for some kind of false hope of a better offer. The heir/independent executor I've been working with said she had a few others interested I called her bluff and told her to show them the place and if they give a better offer to take it and take it fast lol. At that point she caved and asked if I thought it could be rented like was also suggested here and I in the bind saying I wouldn't disclose any information I found on the house even though it was plain as day to see told her I personally wouldn't. While I was thinking if she did she better have some nice insurance in case someone tries to sue her for all she has the first time they trip or the ceiling caves in on top of them. *shrugs.

If I do get the property locked up I will speak with the tax assessors office about the house like you suggested and see what they think this is truly a unique deal.

I am not sure I've never heard of scappers doing that, but even if they did there is still the problem of the asbestos siding to deal with and it must be dealt with correctly with the people in the haz-mat suits lol. Once that has been handled maybe there slate floor? lol I don't know to be honest it might have some wood that isn't rotting yet they have toy with. If the property goes under contract I guess I can put something in cragslist.com to see if anyone wants to do something like that after the asbestos is gone. The goal would be honestly assigning it to someone that sees profit in dropping a new home on the lot. Come to think of it I think a neighbor said they would love the lot if the house wasn't there...I just remembered that from when I first started looking at it! HA! I may have this one in the bank after all. I could assign it or double close it that way to one of them. I can't believe I didn't think about that until now ^_^ I love bouncing ideas around with my DG family you guys/gals rock!