We started demo on one unit in our new fourplex today.

They did the demo work in the bathroom and discovered a rotting floor joists and rotting window framing. 

It was built in 1935.We just started demo yesterday.  

We subbed out the trash/demo, subbed out the crazy electrical mess in the basement with my electrician, subbed the landscaping, subbed the flooring, and then had one of the GC's I use and trust finish everything else (paint, cabinets, base/trim, doors, hardware, bath stuff, plumbing, etc).If you are asking for their contact info, ill pass along my subs, but not this GC :)

For example your tornado example 2, if you could show it was totally destroyed, you could get the full 80k, but would be responsible to either demo building or replace it  Otherwise, you would be insuring 23% of the building (80/350) so would only get 23% of repair costs.  

Over the next few months as our properties are sold, our cash profit received from properties should rise and catch up with our goal.The Good1) Marketing, Sales & ClosingBelow is the list of properties now controlled by our Chicago team that I've decided to focus our marketing efforts on:- a 6 bed home in Crestwood: $110K (back on the market)- a 3 bed townhome in Villa Park: $80K (under contract and will joint venture on it)- a 2 bed home in Chicago Portage Park: $215K (new)- a 3 bed home in Bishop St in Chicago: $6K- a 3 bed home in Glen Ellyn (rehab project - started demo)- a 4 bed home in Antioch (rehab project - finished and ready for staging)- a 3 bed home in Calumet City: $30K (new)- a 4 bed home in Bolingbrook: (new) I've decided to Joint Venture on this and sell it rent to own- a 4 bed home in Plainfield: I've decided to Joint Venture on this and sell it rent to own- a 127 acre land in Washington state: for sale for $6M2) Acquisition, Offers, Leads and RenovationWe got 20 leads this week which is lower than what we got last week (26).

On the last rehab I did, I actually hired the next door neighbor to do some demo. 

I would say a developer is a better deal to demo and build, hire one instead of partnering, for your property value, i have no idea on how to value it.

Demo any tile job over osb and youll know what Im talking about.

Demolish it - and yes, you pay the $10K to demo it but the city won't have a property anymore for them to stick you with violations.