Nice guy but he relapsed and covered the heat lamp it the bathroom with a towel and left it on, started a fire, towel dropped and burned plastic tub, corner of cabinet, soot everywhere.

So basically, if 4plex were to burn down, my insurance will build it for 320k, maybe with inflation cost, now 340k.

Seller has a property that caught fire and its not livable. How can I make an offer to seller?Is it the same as running comps to get the ARV?

The first property was a single family home that we essentially wholesaled and then we turned and burned for the big stuff.

I suppose it may work if you have a burning desire to do it.my partner in my airplane is doing something similar in Oregon he started a tiny homes manufacturing company ( making his own) and he owns a nice chunk of properly zoned dirt in Oregon 10 acres .. its worth about 3 million as it sits.. but he is going to sell the tiny homes then do 50 year leases on the under lying dirt so in essence create his own park as it were.But he has the Dinero to follow his whims and social desires of creating affordable housing for the mass's. 

I am fine with it but my own concern is obviously if he burns down the place with the gas stove.

Evaluate how much time you burn a day because you "deserve" to relax? 

He self-manages them but after being burned once, he has been strict with his rental criteria so tenants have typically been highly educated, and responsible.

Sorry don’t understand your replyWhat is your definition of a B neighborhood I am looking at some oF them right nowThese neighborhoods are in fantastic condition compared to back in the ‘70s and ‘80sEven my wife said she would feel safe living in these neighborhoodsNo burned out buildings.  

I was an active member of BP years ago but my dreams of being a buy and hold investor were put on hold when I was burned in a business investment once I got out of the Navy.I have mostly recovered.