It won’t be a total loss since I own a second home adjacent to the lot and part of the reason for the purchase was to enhance the water view and allow a dock to be built which needed permission from the adjacent owner (me) to build within the setbacks.

But not implementing the MOST requested feature enhancement in 3 years is inexcusable and unacceptable. 

Some examples:Acts of God, Terrorism, earthquake, accidents, flooding, fire, condemnation, tenant damage, power failure, theft and exposure because you have deep pockets.

However if you can look at longer time horizon and become a buy and hold investor who occasionally sells a property then 1031 exchanges can be the most powerful tool in your arsenal for tax relief and enhancing ROI

Using an artificially enhanced 2005 value to justify making a sound investment decision in today's real estate climate holds no water.I congratulate you on your success.

This will much enhance your chances of success - bedbugs are hard to exterminate.Once you think you have completed the treatments successfully, there are bedbug sniffing dogs that you can hire (relatively inexpensive) to get a certificate that the bugs have been completely cleared (or not - whichever may be the case...).  

To sum it up, it's really an enhanced form of arbitrage where you use a line of revolving credit to pay down big chunks of your amortized home loan.

Yes, you CAN use leverage to enhance your profits and control more properties, but to say "you'll always make more profit by using leverage" ignores negative spreads between asset yields and debt costs and always assumes assets will appreciate.  

@Daniel MillsWe've almost never sold a property with boarded up windows, but I view boarded up basement windows as a permanent enhancement, not a temp situation.Windows above the basement are a totally different story and we would remove the boards to sell unless we are flipping totally as is and need the boards for security.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.