Quote from @Conte Cuttino: Makes sense @Andrew Freed so say if we I can make it additional legal space, do you think the 107K left in the property for the return is worth it or should I sale and move on? 

In addition, some of those fire victims can afford to pay top of market price for homes. 

This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.

How do you finance the tear down do you add it to construction?

Am I getting greedy to ask for an additional seller credit at closing to help offset some of repairs needed?

Not only do they not repay funds, they claim we owe them additional funding for renovations that never actually happen. 

I was interested in something like owning a rental property as a way to generate some additional income. 

What do you mean you are paying $400 additional dollars more than what you are paying now?

Quote from @Zach Howard: Quote from @V.G Jason: Quote from @Zach Howard: @V.G JasonTo someone just starting out (only option of OOS) who can get access to 200k, but no additional financing at this time but an additional 50-100k max in reserve cash, where might you recommend they start - markets/property type/strategy?