Quote from @Stacy Banks: Hello I wanted to know what does it cost to do foundation & framing for a 1,500sq ft house being built in Lehigh Acres Florida.  

During this renovation period would you, as the lender, want an Actual Cash Value or Replacement Cost policy in place?

Does Hard Money typically cost 30-40% of the purchase price?? 

That cost me about $1,000 each time. 

@Kerry Baird Love hearing about others taking advantage of cost segregation studies.

I would highly encourage paying a GC to walk deals out the gate, have them give a scope of work so you can see what items costs.

What should it cost?

Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price