Worst case you get the land and need to demo the house and do a new build.

Also, I did a little research of my own and found that there was a demolition of the mobile home that was on the property in October, therefore a demo lien. 

Demo and clean up starts this weekend!

You could cut that in half if you did most of the work yourself, but that is a huge job.You could possibly do the demo work yourself to cut those costs a bit.

if you come across wood panelling in the basement...when a standard is nice drywall finish ...would you install 1/4 drywall on top of the panelling or rather demo it and start with the regular drywall ?

The walls being plaster will just be a little more demo extensive and cost a little more. 4.

EXACTLY what it would cost to demo all of the homes, bring infrastructure up to what would be required by both the building department and the end buyers, then get lots ready to develop. 

- Study housing trends - American Fact Finder is a great free service for information into an areas demo makeup.I could go on, but these are some of the basics.  

Let me know Purchase price - $160,000Construction cost per home - $175,000 (about $100/SF is the goal)Total cost (land + construction) - $510,000Sell price per home - $344,000Profit after soft costs, contractor fee, demo, site work, commissions, etc – 50k per house for a total of 100k profitFinancing with a 10% down 18 month IO construction loanPro forma 

Hey BP friends,I'm rehabbing a 1920s house in San Antonio, Texas, that has shiplap planking covered by vinyl siding on the exterior and shiplap covered by drywall on the interior walls and ceiling.My family and I are demoing the house and have already removed the interior drywall and trim, but... what about the planking?