What is the value as of today, if placed on the market, subject to sales commissions, capital gain taxes, Depreciation recapture, etc.

If you are purchasing something that is extremely  high value, consult with an attorney and get the proper entity for your specific use. 

Of course, values have dropped dramatically, and additionally, extreme foundation problems have occurred.

Even though the cost to build might have gone up (appreciation); the value will go do down if you don't keep a comparable lease in play.

And for reference my sister is dealing with a run down house in Louisiana that has a value of about $95,000 and she shopped multiple policies with multiple insurance companies and the best rate she could get was $2500.

Just a little bit more but so much nicer in both looks and resale value....

Local Bank How did you add value to the deal?

Conventional, after two hard money people fell through How did you add value to the deal?

construction loan How did you add value to the deal?

Once the property is sold, the county will reassess it at market value, meaning your property taxes could rise significantly.