Scrape and rebuild(possible multiple units)? 

Tell this will help them rebuild credit without any effort from them.

I am currently looking into doing a demo/rebuild in Denver with around a $1M total budget. 

I went to the county to see what it would take to get a permit for it, and fount out that the footers are not deep enough, the pitch of the roof is not right for shingles (and it had shingles), insulation was not sufficient, etc - I basically had to either tear it down, or rebuild it from the ground up.

I don't think demolish everything and rebuild 5 units is cost effective now so I plan to build two studios or 1b/1b on the empty land and redevelop other building in the future.

I studied urban planning in college and I'm looking at eventually rebuilding communities through REI. 

Some of you are thinking we got a bad deal, but no, I have been thinking for a couple years that I would like to rebuild a house foundation up, and we did just get word from an engineer we hired that the existing 1960 poured concrete slab should work for any type of house we wish to build.

You will be better served to re establish your personal credit.In order to start rebuilding credit, the most pressing time-sensitive matter is to establish long-term open lines with good payment history as soon as possible.Open a secured credit card with a limit of 4x of a regularly recurring bill - cell phone, water bill, etc.

My passion is to own an entire apartment complex and rebuilding my team!

So the area has gotten rebuild, the current selling price for this property is 389,900.