I'm an estimator for a local reconstruction company as my day job but I know that real estate is what I want to pursue for the long term. 

To be a real estate professional, an individual must spend the majority of his orher time in real property businesses:• Development or redevelopment• Construction or reconstruction• Acquisition or conversion• Rental• Management or operation• Leasing• BrokerageThe taxpayer must meet each of the following two time requirements:• More than 50 percent of his/her time working in real property businesses;AND,• More than 750 hours of service during the year. 

I'm trying to get a better idea of what actually sets-off the "impact fee" trigger with any type of residential (multi-unit) related reconstruction / rehab / new build.

Total cost was $3400 which included the initial snaking, camera run, backhoe and then reconstruction.. 

Hello,Texas is HOT HOT HOT in Real Estate right now and will be for the next 5 years.San Antonio is booming, and Houston is undergoing major reconstruction from the massive flood and ton of families that need homes right now!

When I had my tenant's basement flood and half of the house was unusable during the reconstruction, I gave the tenant a 50% discount on the rent.

The case specifically stated that the taxpayers used wife's calendar and receipts to reconstruct the time and entries on both spreadsheets for the first half of 2014, and that for the second half of 2014, the time entries came from a contemporaneous log wife maintained on her phone on which she entered the date, location, time and description of each task she performed.

-- so glad to reconnect) is spot-on in her explanation of the income-property pro forma -- especially her emphasis on the need for "best case," "worst case," and "most likely case" scenarios, which implies that you are reconstructing the seller's representations (as suggested by @Andrew Syrios), not swallowing them whole.In regard to development pro formas, I might add that our approach has been to produce month-by-month projection of the project's cash inflows and cash outflows (including loan draws and repayments), along with monthly estimates of project absorption.

Then in 2012 the property had significant basement reconstruction & drainage work (old block basement) with all the required permits & inspections including that of the sump pump where the french drains were to terminate. 

When I asked what this was all about I get a response saying that they convinced the carrier to use their reconstruction calculator and agreed to bring the increase down to around 59k.My question to other landlords and insurance people out there: 1.)