Hey everyone, I alongside my partners are actually creating a platform for folks looking to buy/sell land in Costa Rica (actually all of Latin America + Caribbean for that matter).

I would push for a clause that states the buildings and land deed to the leasee after the termination of the lease.

You could sell those three properties and 1031 into a larger apartment building in the Midwest in much better shape and with management most likely without the same number trouble you are facing.

Role-playing.     . you paid $300k 10 years ago, it’s worth $660k, (so when you sell you net $600k to make math easy.)and your cpa determined that you owned zero land, so it’s all depreciatable. you owe 15% on the $300k gain plus 25% tax on $109k depreciation recapture, so you owe $70k in federal taxes, then California reaches out for another $30k?  

One of our favorite discoveries is that IT'S TRUE, dream opportunities DO land in your lap, the longer you're in business! 

If the building cannot be salvaged,  a lender could still provide financing for land value less demo cost.

Spent an hour talking to the Land Use Services Division Chief and a representative from Code Administration.

The floorplates and inefficient use of land (due to parking) make it difficult to create financially feasible and useful reuse projects. 

Since you already own the land, you’re saving on a significant expense that often makes mobile home rentals so attractive.

I currently live in Southern Maine and am looking to construct some kind of new project rather getting into rehabbing existing residentialProposed Land Budget 100-200kConstruction Budget: 400kAll in 500-600k.I have found that if I do the site work myself including clearing, septic and digging the foundation is that i can sub contract out either steel or a Lester style building (50x150) for around 300k installed with insulation and power , divided into three 2500 square foot units.