Apparently, the site was once used as a dump site for a nearby highway demolition and reconstruction project years ago.

Individuals are eligible for this program if their homes are located in an area that was designated by the President as a disaster area and if their homes were destroyed or damaged to such an extent that reconstruction or replacement is necessary.

After you reconstruct the owners' representations about the properties for sale (i.e., after you verify the rents and the major operating expenses like taxes and insurance, and apply your own experience about the typical costs to maintain and the amount you need to allow for potential vacancy), you decided that these properties are being offered at something closer to a 5% cap rate.Before you spend any more time or effort considering these properties, you know that, at their asking prices, they are not worthy competitors for your investment dollar.

Sure you see demo and reconstruction and can learn a thing or two of what’s behind the walls.

If so then the reconstruction should be at or above the original basis, not knowing what your paying for the new property.

I have not seen a specific judgement on notary, but the statute lists 11 types of real property trades or businesses: real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.

Are there repairs/reconstruction that are needed or is it more of a wish list?

My plan B is to purchase a Duplex with a finished basement then reconstruct it into an apartment to live in and rent out the other two apartments.

Perhaps up to $25,000 with pareapet brick reconstruction.

The holding period of a separate element placed in service before the entire section 1250 property is finished starts on the first day of the month that the separate element is placed in service.The holding period for each separate improvement qualifying as a separate element starts on the day after the improvement is acquired or, for improvements constructed, reconstructed, or erected, the first day of the month that the improvement is placed in service.The holding period for each improvement not qualifying as a separate element takes the holding period of the basic property.