It was a pretty dark and humbling experience, but I was able to learn valuable lessons from my mistakes that I’ll never repeat as I continue to rebuild.Now that I’m rebuilding and in acquisition mode, the niche that I’m finding more success with is direct mail marketing to commercial property owners, who have owned their property for 15+ years and may be looking forward to retirement, tired of being a landlord, and/or their tax bases has or is about to expire.

Did you tear down the existing home and rebuild?

Renting is completely different from flipping which is completely different from bulldozing and re-building. 

Well, that degradation and rebuilding go both ways.

Many builders acquire lots or tear downs and rebuild +500k properties.  

Although Quicken Loans has been involved in other projects to help rebuild Detroit.

The price is very low but I don't think the area could support a complete rebuild.

Other wise just rebuild and hopefully rents will be strong and your cash flow will allow you to recoup what you put into it over the coming decades.

We'll see once the estimates for the rebuilding costs come in.

My house 3B 1.5B, complete rebuild from the basement,construction company said the architecture will take 2 weeks, I will keep track to see the actual number of day to get this done in order to get permit & have the project moving.