Fire suppression alone can add $5-$10/SF.

Will you have to retrofit or update your fire suppression system if you build the new addition?

Transferring to an LLC is not seen as estate planning or an inheritance event.I suppose for the sake of the mention, we did just hear rates will not be suppressed by the Fed.  

You missed what is really happening that is working to suppress affordable housing and is contributing to the demand for affordable housing.  

Economics would tell you that the rising of interest rates would suppress prices.

Also take into consideration that because this is a non-liveable REO (in it's current state) you would likely need to bring it up to code in regards to fire escapes, fire suppression systems, fire rated door$, etc. $$$$ It's my understanding that if the property is currently being lived in, then it is "grandfathered in". 

You're already buying the asset at a suppressed state.

@Tyler Lingle Hey I do believe with the new Indianapolis building code once you get over 2 units you are required to install a fire suppression system which isn't cheap(10k). 

These guys will suppress a movement so quickly it barely gets known about.

In Arlington TX we have to 1) install fire suppressant systems in each unit (attic suppressant systems in attics), 2) you will also need a "firewall", we use a 1/2 DensGlass application, 3) fire rated decking within four foot of "firewalls", 4)and non-vented soffit within four foot "firewalls."