That's how I got my first home. I bought an eyesore in an otherwise neat and tidy neighborhood. I guess it was a good thing for me as I would not be able to otherwise afford that neighborhood at that time.
As soon as I cleaned up the yard, painted the house, disposed of the tires and car engine part, and took down all the bushes and weeds, the property values of my new neighbors soared and they loved us for it.
A few years later, I sold the house for more than double what I paid for it.
That’s what I told my kids to do, and my daughter got a beautiful Craftsman home in a tidy, well maintained neighborhood at an affordable price this summer because the property was so run down. The house itself was in great condition. She’s done a lot with it already and should see it increase in value, as well as the neighbors’ properties.