They are releasing permits now on a regular basis and things are able to move forward like they should.  

In San Diego at the current rates for a purchase loan (which has better rates than an ADU additions) at high LTV, I show 1% does not cash flow on a sustained basis.  

You’re taxed on the sales price less adjusted cost basis (basis less depreciation), not taxed on the proceeds from the sale.

See it everyday!  

Entity structuring, basis calculation (i.e. breakout between building and land), deductible expenses, etc.

A common misconception is that real estate properties under $1M have a smaller tax basis and therefore do not benefit from a cost segregation study due to the associated fees.

I'm wondering if that might be less of an issue for something more rustic and temporarily occupied like camping/RV.Any one have any thoughts, parallel experiences, or other basis for insight? 

Note that legal and transfer costs are not deductible but can be added to your cost basis.

with the information provided can someone please give me our cost basis so I can figure total capital gains?

Once the property is in service your rehab costs will be added to your cost basis.