The property was pretty much turnkey so I haven't had to do any substantial improvements.

Even if they don't meet their estimated 13,000 direct hire jobs @ $56000 a year plus benefits, plus 7,000 supplier jobs, half that many jobs in Racine will make a huge improvement in the local economy.     

Improve the curb appeal.

My oppinion is big advantage to delinquent taxpayer because it is more options available for making money renting and preservation improvements in the first 3 years under the old Alabama procedure.

I am sure you learned something on the deal as everyone has teaching points and ways to improve on the next one.Happy hunting!

What's the best way to structure a counter offer to protect myself while completing improvements and construction of shop while we are in "pending" status?

What's the best way to structure a counter offer to protect myself while completing improvements and construction of shop while we are in "pending" status?

However, if you continue to be consistant and learn from what isn't working and implement new and improved strategies, then you'll greatly increase your chances of success. 

If you have gain you'll use your original acquisition price, plus improvements, less depreciation as basis (adjusted tax basis). 

Required $40,000 of improvements.