As you know banks are now aquiring properties left and right..In this video clip from the WSJ, a bank decides that demoing the houses is its best move.Something to keep in mind here, the end result be it a short sale, or a REO sale, the banks best interest is always what makes the decision.

I develop computer based training, demos and software simulations.

On the rehab we are currently working we did a lot of the "dumb" work like demo, but contracted out most of the work.

Option 3 is demo it and sell the land(hard in this environment)

I should have pictures later today or tomorrow of demo work.

it sounds scary when you're on the code or demo list, but the truth is, the city or county doesn't want to bulldoze your house either...think about it, they want you to rehab the home so you can pay property taxes every year, provide a rental to someone instead of another empty lot in the hood, etc.

And regulations out the ying-yang.

Since you both mentioned it, what, exactly (or typically) were the "demo" projects you have started with?

Well finding private money isn't going to be easy if it was we'd all be rich by now.With that being said first I would suggest getting chummy with a local SEC lawyer to go over regs on SEC laws both state and federal.It's possible you have to be compliant which will cost you up the ying yang but that's the price in keeping squeeky clean because these days messing with securities is very serious.People who have money that might lend you can be:FamilyFriendsDoctorsLawyersAngel InvestorsFunds such as Hedges,Mutual,etcPeople with 401 K'sPeople with IRA'sPeople with Stocks,Bonds,etcPrivate Equity FirmsAnd a few others.

I bring in the other specialized contractors as needed, but the main crew is generally the first on the job (demo), the last on the job (punch list) and are there almost every day in between.While they definitely have a scope of work for each job (and get paid by the job), they know that their job is to ultimately make the house look perfect.