Btw, about the need for rehab, I'm talking about what I think should be fairly straightforward things, like replacing carpeting, repairing drywall, but not a complete gutting and remodeling.

Proc. 2004-51, qualified indicia of ownership were transferred to the the earlier of a total of 180 – days or the date upon which the exchanger has to file its tax return for the year in which the exchange was initiated, to complete the purchase of the replacement properties."

Every single surface in the house was redone/replaced.

Hello BP,I've been working as a Gov contractor providing Cloud Engineer services for a while, but my true passion is commercial real estate.

The buyers had a structural engineer inspect and then asked for another $60k reduction to stabilize the foundation.

What I am seeing is older residential units being purchased, eventually torn down and upscale apartments replacing them.

I am an engineer so I am very used to Excel.

I would bring in a drafter or architect to assess it and see if you only need the building plans and pay permits: Building plans about $3k to $4k since everything is done... and city permits about $4k to $7k and make sure that you don't have to do anything major... front foundation could easily be $5k or more plus engineering work and stamp. : so, assess all systems and see for obvious things like : garage door, ceiling height, perimeter foundation and drainage, framing if you can, attic space, electrical, plumbing etc 4.

If you’re asking for replacement figure out how much more the home would be with that being replaced and temper your request.

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