>>40
I would like to reiterate that going for abandoned properties is more often than not a mistake.
Usually things are broken or missing. People break in and steal wiring and plumbing to places like that. Oftentimes you find that there are major health hazards. I have a nice insurance policy, but many probably don't. At any rate, it would need thousands to tens of thousands in repairs for sure. Many aren't even zoned for residence or up to code, so you could be kicked out and forced to sell it at any point.
It really is more trouble than it is worth. Renting a biggish place and splitting bills is simply the better financial route, even over the span of a decade. If it wasn't, you would see this sort of thing as much more commonplace. Nobody buys these abandoned places except to tear them down and build a new place from scratch, and that is for good reason.