Rent it out,flip it,demo it and sell the land??

This will save delays when the checks are issued. 4)There may be extra money available for demo and debris of the structure and for fire department charges.

Demo then sell the lot to the neighbor (probably should get a contract before doing the demo in any of these scenarios)4.

Or can we demo and put up a wood fence?

How is a software program going to help you when you find an old lead pipe running through a wall, or find concrete block in a demo?

Examples would be demo, landscape, cleaning, window repair, trim etc.

In the meantime, the old rentals cover expenses until the market/financing/ circumstances make it viable to demo the oldies and build the new.

Good syndicate deals can be royally screwed up by a bad operator, and inexperienced flippers can demo a house and run out of money, leaving you holding the bag.

The price I got didn't include any demo or replacing the drywall, but that shouldn't be much, since your drywall is getting covered anyway.

Agreed with Jon that -- without knowing more details -- the rehab could certainly be higher than $75K.If prices were the same as in my area and with my contractors, I would expect the prices for the things you mentioned to be somewhere in the area of:- Electrical: $6000- Foundation: $3000-10,000 (depending on scope)- HVAC: $6000-10,000- Plumbing: $2000-6000- Sheetrock/Insulation: $6000-8000So, you're looking at $25-40K just on those things.And that doesn't include:- Demo/Dumpsters- Permits- Windows- Doors- Carpentry- Paint- Flooring- Cabinets- Countertops- Baths/Showers- Finishes/Fixtures- AppliancesAnd that doesn't even address the exterior.In my area $40-45 per square foot is about right...if it's historical, I would guess Jon is right on at $50K/sf, or maybe even a bit more if there is a lot of historical restrictions imposed by the jurisdiction.