It “tends” to be cheaper than purchasing a dilapidated building and demoing it to make way for New construction.

Request a free demo and go with the one you get the best feel from.

Yesterday the structural engineer stated there is one sound wall, however there is the option to demo it too. 

Luckily we demoed the walls which were all plaster so this made it easier to replace wiring.

Assuming you are not using conventional finance, look for properties that are REO's that have the a partial remodel started i.e. the kitchen or bathrooms are gutted, etc - these can not be sold to a "conventional" buyer and are often too advanced for a casual investor - who just wants to do cosmetic rehab.Your competition will be low and the advantage is that some of the demo is pre-done for you.TTFN,Greg

They have a support line Steve...I would call them and ask for a demo.

However, I don't know the "feel" of the neighborhoods of the following 2 properties.I am looking for things to buy&hold with the ability for me to mooch off it for free accommodation for the few times a year I fly down to Miami.Can anyone give me some info/advice on the general area the following 2 properties are located in:401 nw 145th st, Miami FL 33168- SFR, 2 bdr, rent one at as a "roommate" situation and have a place to stay when I go to Miami.1258 NW 61ST ST, Miami, FL(http://www.postlets.com/res/5860151)- fourplex, would keep one for when I come down.Thoughts on the locations, rentability, demo?

He suggested that in the meantime I get a Historical Impact Survey done as well as have a demo application in hand, so that they can make an informed decision (they just received the 60 page inspection report).I've Googled around, but I can't even find out what a Historic Impact Survey is, much less it's cost.

Arguably, banks are, in some cases, improving the value of the property by demoing a junk building.They do this all the time in Vegas.

They demoed several walls in the house with electrical outlits, started on flooring before painting and so on.