It could be a nice benefit if the current foundation can be saved, as the project could be classified as a "remodel" instead of "new construction", saving you time and permit fees for getting the new house up.

We've made it possible to hide all the classified and other controversial areas.

One area that is giving me trouble is how does Listsource classify multifamily properties.  

Debt payments do not have to be classified as projected obligations if the borrower provides written evidence that the debt will be deferred to a period outside the 12-month timeframe.Hope this helps!

I am considering flipping and rehabbing around Baltimore area; but how do you classify the good deal.

I have a website, classifieds, and target certain areas with postcards 7-8 touches a campaign. 

I'd classify the ST filing as a pre-foreclosure event.

Granted, I have only been looking through the classifieds and MLS but I have yet to find a SFH that would even meet the 1% rule.

Because the repairs are an immaterial portion of the entire structure, I believe we'd be okay classifying these expenses as repairs and therefore they will be currently deductible.If the deck is freestanding, the restoration will be considered material to the deck itself and the expenses will be capitalized and depreciated.

I understand pre-foreclosure but this is not that property.The bank owns it after foreclosing on it - so isn't that classified still as a foreclosure?