some old building get sold for less because they need to be reconstructed. 

That will save you the demo costs and reconstruction of new sheetrock, taping, mess and painting.Flooring--we recommend vinyl planks. 

I'll definitely reach out to them as well.Out of curiosity, what what deductibles amounts and % of reconstruction are you carrying with your SFR policies? 

I am trying to reconstruct the sequence of events as it appears this was put up for sale (or auction) 3 times, and foreclosed 3 times (3 foreclosures listed on Title Search).  

It's vacant and looks like he's started to rehab it himself (he's done some demo and reconstructed some walls thus far) but seems to be continuously working on it.

James - I hope the blog becomes a 'before and after picture' of my transformation, with all the demolition, and reconstruction in between. 

Skip college and start working in RE?  Construction

Almost all his savings were wiped out.This included money for his family, two schoolgoing children and holiday plans.Mr Kenneth Ng, 43, never imagined himself to be a real estate investor, but after listening to a speaker at a property seminar, he invested almost all of his $80,000 savings.The supply chain executive, who earns $8,000 a month, bought a "fixer-upper" in the US city of Memphis for US$55,000 (S$74,500).A fixer-upper is real estate slang for a property that needs maintenance work, such as redecoration, reconstruction or redesign, before it can be lived in.That was in 2013.Mr Ng never got the promised returns.The property guru who made the sales pitch?

@David EpsteinFor depreciation, they either want to continue depreciation schedule from your previous tax returns or reconstruct it from scratch. 

So if I can get an insurance to insure me on agreed upon value vs reconstruction, then it’ll kill the deal for me.