Your current accountant should have the exact number that is your adjusted cost basis of the old property at their fingertips. 

Short of that your going to frustrate yourself.Real estate by and large and I know some on BP will disagree but by and large its a capital intensive business that is a long game...

Afterward, if the ARV is 425K, and the rehab budget is not too intensive, you should be able to refinance it with a DSCR loan and get the majority of your money back. 

Your gain on the rental property will beSales price less sales expenses less adjusted basis.Adjusted basis is purchase price plus improvements less accumulated depreciation.Best of luck.

So $11,222 times 22% is $2,468 - leaving you a true profit on the house of $8,754 for an all encompassing 6 month intensive project that you will likely feel lucky to get out of with that profit, because you did your very best to minimize expenses along the way.How do you quantify this number?  

Typically, I've used the 70% MAO rule, but given the current market conditions, I'm wondering if adjusting this rule to 80% is more appropriate? 

Request they backdate the tax adjustment to the date FEMA regulations implemented by the City.Be prepared for the process to take many months.

Adjust as fits you.  

Keep your insurance, just have them adjust yourautomobile to fewer miles or just comprehensivecoverage.

Your gain is sales price less costs to sell less your adjusted basis.