I wonder if Russell Brazil uses one in his market?

But wondered if it may be easier to just build a new one rather then fix an old one.

@Steve Cheslock I wonder how you check if a market is already saturated regarding wine storage business?

After experiencing different types of inspections with all kinds of properties from custom builds to existing, it all depends on your end goal , I highly suggest you reach out to a team, really strong team such as @Jorge Vazquez.

Good point that maybe we should do that immediately.Thanks for the photo suggestion too.

if you can build at 50% of after value I'd hire you and I build the cheapest of anyone I know in our market and minimum rates. there's 3 builders that build at our rate. only place I can get us to 50% equity is in miami florida and that is new construction that is selling at $1000 per square foot and up and high density 300+ unit underwriting with incredible economies of scale. columbus has lower construction costs but lower exit. we focus on urban core. my best suggestion is look at urban not suburban for higher valuations. you can't control what new construction appraises at so do it in less risky areas. 

I have one mortgage left and I send them $40,000/mo just to “round it off”.My suggestion was just in case they wanted extra cash as a security blanket.

It’s not necessarily a foreclosure case.Including as a defendant in the lawsuit someone who would likely be a superior lien holder suggests to me there is more going on than a straightforward foreclosure.Or it could be something simple like an unreleased lien and the court is being asked to quiet title or otherwise weigh in on lien priority.Let us know how it shakes out. 

I wonder what Yale has to say about these.

Wondering if anyone has faced this issue and can advise.