Question - if I go to the old insurance company or even a different one - the question will be asked  in layman's terms "have you been turned down for insurance and if so was it non payment ,structure, etc"--- at that point I have to say 'yes' and 'roof' right?

We have been working there for 5 years and do not pay double  taxes its  an easy problem to solve if you are structured right.We invest in the Detroit / toledo areas  and would be more then willing to share what we have learnt over the years with anyone who wants to chat.Biggest secret is to have a great team on the ground to take care of things for you since we are not there most of the time and to know how to run your numbers right

Replacement Cost:  the cost to rebuild the structure from the foundation up with the same kind and quality. 

A transaction/title attorney is very diferent from a foreclosure attorney, landord tenant attorney or business structure attorney.

Or is there different recommendation on the structure?

How is your partnership structured?

That is issue with current realtor business structure James.

So they are stating because structure is older than 15 years old and it is now more than 1 unit, the rent control applies.  

The city gave me 3 options: 1) return the unit to a garage, 2) get an architect or draftsman to draw up the building plans and then pull permits, or 3) get a structural engineer to "stamp" it and say that it's up to code.

After the Great Recession, he could have moved part of his money to real estate to take advantage but he didn't because he understood that it was a temporary and abnormal situation and not a base to change his business model.So, finally, let's see if US real estate is the right basked to invest in, if one such basket exists.