Just want to add to Scott's response about when you move out and restoring the unit back to original condition.  

We even though about aquiring a local home restoration business for $250,000 and starting??

Aquire a local restoration company then use that to leverage more deals partnering with investors and contractors?

Your tenant pool for a period victorian restoration rental is going to be fairly small.

They need to send a professional in to detect it, repair it and the restore your unit.

Threatening to delay closing is your only leverage to make sure things are restored to pre-vandalism state.

First, I love the houses in Old Louisville, and as much as I would love to restore one, I could never make the numbers work.

Family First Restoration is a company I have used in the past to get rid of mold.

Essentially the Insurance company was paying out $8.53/sq for drywall and paint, they paid out the restoration firm for the remediation, demo and removal work, so the total claim was much higher.

The basic idea with MB is that when developers and government infrastructure projects etc. unavoidably must destroy natural "habitat," they must either restore it or else offset the damage by purchasing credits in certified mitigation banks to preserve multiple acres more of habitat than was taken out.