@Jakub Bednarz the cost of insurance will vary based on the individual property and it's specifics, i.e. size, location, reconstruction costs, desired coverages, etc. 

A real property trade or business is broadly defined to include real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage [IRC Sec. 469(c)(7)(C)].

The current investor demolished the existing property and reconstructed a new 3 bed / 2 bath 1,200 SF home. 

Real estate rehab might be my favorite aspect of real estate for me since it’s a grand combination of what I enjoy doing, construction, reconstruction rather and being a realtor.

These are all short term patches to try to fix what could be a long term crisis.In Europe, the EU has not been able to respond as fast as the US, but conversations about the "reconstruction fund" are making some unexpected topics arise, for instance, the tax breaks (or maybe tax evasion) some US technological companies (FAANG) are getting in the EU.

But now its calmed down allot and there doing allot the reconstruct west Yonkers.

You don't want to have to shell out a big cash outflow to reconstruct the suites for new tenants unless the upside is big enough. 

The Government Code says that new construction or reconstruction shall be considered as "residential construction", which in the Education Code means the square footage fee limitations apply.

I currently live in the home managing the property, remodeling the kitchen, installing a bathroom and reconstruction to the deck.

The property needs approximately 150k in work between both sides included reconstruction of a 4-story deck off the back of the house that you can see the entire city from, exterior/interior painting, a new roof, new furnaces, electrical panels, flooring, a few windows, updates to kitchens and bathrooms, etc.