I recently redid a bathroom in a 1920s house where demo that would have taken a half day in a 1970s house took 3 full days days.

If all goes well we would start demo in a year.

Developer purchased a house with a 10k lot on it for $749K.The plan is to demo the house and build a new spec house on it to sell for about 2.5 to 2.7m.Developer is offering me a  1st mortgage on the property in exchange for a $550K loan at 8% interest rate with interest payments made monthly.  

It depends on what your target property is and tenant base.A desired higher end tenant would have different demo's that were acceptable versus middle income to low income investing.

I assume demo or clean out is the first order of sequence.

We have a 'live demo' set up for tomorrow and am really looking forward to seeing what it can do for us as an 'all in one' solution in regards to property management AND accounting.

My second question is when you go to buy a home to demolish it and build new, first do you need to buy the home with a mortgage and then get a construction loan to demo it and rebuild?

An offer can be presented for less than the list price (Estimated: $900,000) because home is currently in demo state.

An offer can be presented for less than the list price (Estimated: $900,000) because home is currently in demo state.

My partner is suggesting we demo out a specific wall.