James - I hope the blog becomes a 'before and after picture' of my transformation, with all the demolition, and reconstruction in between. 

Skip college and start working in RE?  Construction

Almost all his savings were wiped out.This included money for his family, two schoolgoing children and holiday plans.Mr Kenneth Ng, 43, never imagined himself to be a real estate investor, but after listening to a speaker at a property seminar, he invested almost all of his $80,000 savings.The supply chain executive, who earns $8,000 a month, bought a "fixer-upper" in the US city of Memphis for US$55,000 (S$74,500).A fixer-upper is real estate slang for a property that needs maintenance work, such as redecoration, reconstruction or redesign, before it can be lived in.That was in 2013.Mr Ng never got the promised returns.The property guru who made the sales pitch?

@David EpsteinFor depreciation, they either want to continue depreciation schedule from your previous tax returns or reconstruct it from scratch. 

So if I can get an insurance to insure me on agreed upon value vs reconstruction, then it’ll kill the deal for me.

The project is a tear down and not salvageable, reconstruction is a must.

hire a company to do the reconstruction?

Do you think there will be a surge on the number of homes on the market?

And when the cost to defend or pay out litigation goes up, so do the rates.Take a look at why Doctors cost so much -- medical malpractice insurance is crazy -- Surgeons pay between $30,000 and $50,000 a year.

Wouldn’t recommend YSU but a degree is just a piece of paper so get that bachelors in business finance or RE, construction management, as cheaply as you can.