I suspect "constructive receipt" may apply.

If I could do it again I would not buy Mulit-family units unless it was a New Construction.

I want to purchase a building for my construction company.

All the cities I dealt with viewed a moved house as new construction, i.e. house had to be brought up to current codes including latest energy codes.

Read up on construction, and renovation.

When I mentioned that I would eventually move to rehabbing, he did go ahead and quote me for general liability based on rehabbing construction, as well as coverage for any possible accidents while showing a property.I am still in the process of creating an LLC through my attorney, and do plan to carry a decent policy once my agent figures out what to actually cover me for :D FWIW, I mentioned an umbrella policy to my agent since I have seen that tossed around here a bit, but he said umbrella policies are for individuals.

My name is Kevin and i am 29 years of age and have over 10 years of experience in the construction remodeling business.

My main business is construction and I have donated the sitework on all the builds in our town.

Garages were not constructed to be lived in and CAN cause issues.

Be aware of such things that add value or subtract to include location, location location sqft,size of lot,garage,basement, # of bedrooms,age,age of construction,type of construction, vacancy and rent roll, expenses, taxes,ect.