super cheap house for sale in Sacramento CA

I found a bank owned house for sale in Sacramento CA for $24,900.0. It is located at 1331 Nogales ST Sacramento CA 95838. It is a true fixer upper house. A person might even have to tear down some of the house in order to repair it. A few years ago I had to go out of state to find a house this cheap. A person could buy it with private money. A good stategy would be to find a person who will lend you the money for purchase along with the money to fix it up. Lets just say that amount comes out to 54k. You would then refinance that private money loan into a conventional loan. You could rent it out and have positive cash flow and equity without any money out of your pocket.