. ($100k each in one deal)I am going to do some repair work and expect ARV to be close to $140k each.I'm reviewing my insurance policies and they are identical but I don't understand the amounts that my agent built the coverage around. 

Say you have three identical windows on 4' centers; the framing at the ceiling should have a void between joists to install a junction box or recessed light fixture directly centered on each window.

Although at that point I'd have a paper trail and felony charges for identity theft/forgery to go to the police with, but my experience with them has been that they are just interested in getting overpaid for as little actual work as possible.

But it is fairly easy to judge what is better if you are dealing with guaranteed rates of return, if you have a mortgage rate of 6% and a guaranteed rate of return of 6% the effect of prepaying is identical to paying into the investment.

I took a peek through some boarded up windows, and realized the identical half building is a shell- no roof or floors.It appears that the original builder built a brick rectangle 32 x 50 (next to a third brick building), and then split the box into two 2-story buildings- I want to own the left side.

Your case is nearly identical.

Recapture is indeed taxed immediately, but what we deal with is not really depreciation recapture, but an "unrecaptured Section 1250 gain" - a very different animal, despite an almost identical name.

I might just add for further thinking, that once you get through site ident/acquisition, zoning, politics, initial design, then you'll want to run a proforma to make sure your deal pencils.

Interestingly, a 10 CAP on what you describe is almost identical value: about $340k ($103k business valuation / 3 = $34k in NOI). 

Just treating minorities fairly in the business we do every day can have a huge impact, one family at a time.Being able to understand and be aware of our own privilege, whether it's gender, race, sexual identity, socio-economic status or whatever and make sure we're treating those who are not as privileged as equals can go a long way.