On the surface, the answer appears to be simple...BUT one will caution that in order to make a true determination, it requires a lot of actual research on a local market/neighborhood and the answer is actually much more in-depth...so take this with a grain of salt..lolClass A- Newer Growth Areas (new construction, rebuilding of infrastructure, core fundamentals reflect strong growth, low unemployment, pro-active government, home prices increasing, vacancy rates decreasing, demand slightly higher than supply, School Districts usually have a 5+ rating, etc.)Class B - Older yet Stable Areas (Little new construction, no major fluctuation in growth or reduction of population, little to no change in employment opportunities or unemployment rates, infrastructure is old yet functional and not being updated, supply and demand are fairly equalized, rental vs home ownership relatively equal, home prices stabilized, School Districts usually have a 3-5 rating, low to moderate crime rates, etc.) 

There is always a rebuilding period to any war effort.

I did a lease option on our first home after losing our life savings at 32.We were trying to rebuild the equity we had lost in our life, and I knewreal estate could help me do that the fastest.We used that lease option equity after a year (we rehabbed to build the equity) and bought our first rental, a foreclosure.I stumbled upon a bank that told me they would do 6 total properties for me as 'second homes', in the same city, in addition to the one we already owned!

They have the rebuild cost to be 400k.I am wondering why there is such a large discrepancy in price.

My business season will be coming to an end here and i will be going down to Florida to work with a couple of friends rebuilding a 6000 Square ft. home...

At $1300/mo rent, you'll make more than your coupon back if you rent it just one week quicker.In regard to your concern about the truck rebuild project going on next door, I agree with Tommy Nastasi that we should know local codes on the matter, but do be a gentleman and talk directly to the neighbor about your concern before your report anyone to code enforcement.   

Yep rebuilding it...There is currently a foreclosure listed at $35,900.

I don't need to rebuild it! 

I have seen my business flourish now that I've rebuild my team. now it about rebuilding my brand by networking and marketing myself.Pm me if I can answer any questions for you Alex

This usually doesn't happen here any more with banks since there is such competition here at this time (but we found extensive damage that was hidden such as the roof having three layers of roofing, the bottom which was cedar shake with ZERO sheeting at all).Pre-purchase: 2bed/1bath 800 sqft finished living space with an unfinished 720sqft basementAfter Rehab: 3bed/2bath 1520 sqft finished living spaceRehab consisted of: demo, re-wire entire house, move electrical panel and update, roof, siding, hardwoods installed, build new bath in basement, add master bedroom in basement, add washer dryer closet in basement, remove upstairs wall and add beams, remove addition in back and rebuild deck, fencing, landscaping, EVERYTHING, you get the idea.This house did take a full month longer for rehab then anticipated, but it all worked out in the end.The Bad: Budgeted 75k for rehab, ended up 88k, anticipated 60day rehab, took 90days, termites, no HVAC where we thought, Water heater was leased so it got removed after buying it (didn't know that), had to fire a contractor and have others fix his bad work, bath tubs were lain incorrectly and was not discovered until we were ready for tile...The Good: House turned out WAY better than thought, the additional time for rehab gave time for neighborhood market to increase as well, low inventory at time of listing, sold in 4 days.Numbers:  Purchase: $165k (CASH)Rehab: $88kHolding costs: roughly $2500All selling/closing/realtor/staging/misc: $35kSelling Price: $369,000 with no concessionsNet Profit roughly:  $82,556