Then subtract out 70%, the cost of demoing the home, and your profit.However- in all my years of investing, I've only seen one house that was tear-down worthy.

That's not including demo and whether or not the house is pier and beam or slab.

Say half the house burns down, if you aren't properly insured you will be stuck with the demo (or rebuild) bill since the insurance won't cover it and the city won't let you leave it as is.

Guess the business to be in is the demo business!

REAL cheap and get basically at a wholesale land value minus demo costs.

Hey @Rick McCray - I'm not offended -- you're not my target demo at the moment ;) BTW - Your wife has good taste!

We have had several of these types in the city that are on the demo list, as long as you show the judge the work is being done quickly and properly, they have no problem taking them off.

I closed on this 3/1 SFH on Wednesday, started demo and decided to replace the hot water heater since it was old, empty and someone already stole the copper going to it.

This part seems daunting...because I have been accussed (not on this forum) as coming across as passive aggressive...and although I feel we all have a ying and yang quality to us...I don't want to jeopardize my chance to clearly and artfully express my case.

We just started the demo work about a week ago.