Can you tell us more about how that evolved and how common such laws are?

Not sure about Indy market, but foundation issues are relatively common in 1800s homes.

@Bobby Eastman Equity Bank would finance the deal if it made sense to the.

Get in a deal that makes sense for you and the lender. 

This path makes sense because buyers will feel they are getting actual value, possibly saving them money for an real inspector if there something grossly wrong with the house.

In my experience, ground leases can last a long time, but it's quite common for the improvements (the hangars themselves, etc) to revert to airport ownership when the lease ends.   

I might suggest listening to LOTS of podcasts and finding the content or people you connect with - that make sense and sound to you like they are preaching the truth/sound advice.

The drafter will tell you what the expected timeline for design will be, timing for permits with city, what the lot and zoning allow you to do… etc The contractor : has to be someone that knows how to do the work (experience), is not too expensive so that the investment makes sense at the end, but is also not unrealistically cheap, to the point that they won't finish the project or they will simply run off with your money… Assuming you have an honest and experienced well priced contractor, then they will give you an understanding of costs for the entire project (a ball park bc you won't know 100% until you get RTI permits from the city (approval)). 

This applies more so based on location not on or in all scenarios that is why I mentioned avoiding a CALI purchase if possible.Hopefully that makes sense based on previous comments. 

It's great to see a post with actual common sense on here regarding this NAR situation.