@Lance Nelson Insulation from that era might contain asbestos.

From the looks of the second picture, there might be someone trying to dry unfaced batts of fiberglass insulation in your dryer.

.- REMOVE CARPET MATERIAL ON BASEMENT FLOOR AND UP STAIRS- REMOVE BASEBOARD; DOOR CASINGS AND INTERIOR DOORS- REMOVE SHEETROCK UP TO 84” HEIGHT OFF OF FLOOR- REMOVE WALL TILE AND SHEETROCK SUBSTRATE IN BATHROOM – SAVE TUB/SHOWER FAUCET & TRIMS- REMOVE BATHROOM VANITY – SAVE FAUCET- SAVE TOILET, TUB AND TUB GLASS DOOR- LEAVE HVAC AND HOT WATER HEATER IN PLACE FOR INSPECTION- LEAVE ALL ELECTRIC IN PLACE FOR INSPECTION- LEAVE FRAMING IN PLACE FOR INSPECTION- REMOVE INSULATION ON OUTSIDE WALLS- NO CEILING WORK- REMOVE STAIR TRIM THAT WAS UNDER WATER – LEAVE TREADS AND RISERS IN PLACE.3.DEHUMIDIFYING AND DRYING AFTER WATER DAMAGE REMOVALS ABOVE:- PLACE POWERFUL DEHUMIDIFIER TO REMOVE THE ADDED MOISTURE THAT REMAINS IN THE BASEMENT AIR.- PLACE INDUSTRIAL AIR MOVERS THAT MOVE A TREMENDOUS AMOUNT OF AIR TO SPEED THE DRYING PROCESS.4.SANITIZING AND ODOR REMOVAL (IF ANY) ARE NOT INCLUDED HERE AND WILLBE PART OF THE RESTORATION PROCESS.5.JOBSITE AREA WILL BE COMPLETELY CLEANED UP AND ALL DEBRIS REMOVEDOFF SITE.6.EMERGENCY BOARD UP SERVICE ON 7/23/11 TO PROTECT PROPERTY.7.SEND DIGITAL IMAGES OF COMPLETED WORK.CONTRACT PRICE BELOW REPRESENTS $3000.00 FOR THE DEMO WORK AND $200.00 FOR THE EMERGENCY BOARD UP.CONTRACT PRICE:$3,200.00PAYABLE AS FOLLOWS:$ 3,200.00- UPON SUBSTANTIAL COMPLETION; TO BE WIRED ON 7/25/11

I forgot to mention insulationMost of the houses in this area have very little or no insulation.

New roof system with trusses, New drywall, insulation, HVAC with ducting, wired smoke and CO in a cool 40's cottage all completed already. 

brick ranch house, about 60 yrs old. original windows are steel with steel pans (attached with metal clips to the studs).Have been getting quotes from 6 contractors and the price is from $4500 to high of $5300. this includes cutting the steel pans off, building a wooden frame, foam insulation, alum trim outside, wooden sill inside and trim inside.contractors act like this is impossible job to handle and i think they bid too high.I priced basic American Crafstman windows at HD and it came out with LowE and Argon to $2400.they quote Excalibur windows and i know they are paying less than 2k.does $4600 seem like a good price?

(insulation, door jams to keep heat/cool in, and low-cost light bulbs/nightlights.

Answer: The market here in small town IA is pretty well insulated from the major volatility, so I'm confident that the equity will remain or likely increase steadily.

Your value is going to come from the yield and the equity insulation in the deal, both of which you seem to be in decent shape on.It does seem like you are underwriting this with your own takeout as selling off the note.

It adds R-value leaving it there and will not cause any resale problems.Another area you will find asbestos is in the insulation around furnace ducts and water heaters.