Copper is still there but the dishwasher has been pulled away from the wall and a cabinet is damaged (suspect Bidder 2 was rough in his inspection, but kitchen needs demo so this is not a concern.)

Does that include demo?

My question is - can I demo, remove and dispose of all the moldy sheetrock myself or does a certified company have to do it?

Demo was quite extensive.

There is a good podcast dealing with the Vegas market in Podcast 13 with Leon Yang.

Our renovation is not invasive and doesn't really require very much demo.

I have 10 years building experience so I can efficiently accomplish lots of demo/carpentry/finish projects.

I do have some experience with rehab projects, I usually worked on my friends and family condos (never houses)..scope of the project usually included light plumbing jobs (new faucet, sink, connect plumbing underneath the sink, light electrical job : installing new fans, demoing non-load bearing walls, framing around pipes ducts rewiring/running romex from point A to B, new flooring – allure, painting, light carpentry like installing new cabinets, overseeing granite installations, tiling work etc).

Not exactly Patrick, look at any appraisal, the land value is part of the overall value.Houses are torn down everyday.Cost of acquisition + demo, removal and clean up + restoring land + holding costs + profit required, all needs to come in at or below FMV.What's the highest and best use of that land?

Also your deal is difficult to analyze- In your first post you said 225k in materials and your gc was another 35k, and your purchase price for the land including demo of the existing house was 72.