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No catch. The city of Buffalo owns this house. It's 'homestead eligible' (meaning $1) if you have a plan and can demonstrate - bank statement or mortgage commitment - that you can rehab the house. That's it. I've lived in the neighborhood for the past 14 years, one block from transit, 10...

This particular house is located in an emerging neighborhood. In the past couple years 100m has been invested in arts/education and private investment is beginning to follow. Very cool spot. One of the more interesting opportunities is one block away. I've been writing about it here...