Oh, I work as a photographer, and though I've never done real estate photography my skills and equipment might eventually come in handy.

My thought was to clear the back acre, cover it with gravel (or millings)  and offer machine/equipment storage until the proper time to build the expansion.  

I do not know much about you but sounds like your advantage is your construction knowledge and the equipment or relationships you have with that.

Equipment, furniture, and fixtures, termed "§ 1245 property", are tangible personal property.

That said, if it's common in your area, then figure out what everyone else is doing, especially the big guys in the industry, and copy their contracts and equipment.  

What others do does not itself equip you with the recipe for success!

By the way the equipment (furnace, coil, condenser) will cost YOU somewhere around $1800 - $2400 depending on the house size.It will cost one of these shops far less than that, but of course, they will when asked say it's $3000 + worth of equipment.  

Or you can drive around and find out what builders are paying in your neighborhood, put a list together of potential builder/buyers and when you have the property under contract, get everyone's email/fax address and shoot out a sale flyer for the property.Most builders have access to the type of demolition equipment that's necessary and can do the tear down much cheaper than you could.It all depends on potential market value of the lot.

A home that is easily navigated is a huge help to improving comfort level for the whole family. 3. home health care access - i have heard several success stories from investors that specialize in rental housing that is accessible and also equipped for long term care needs.

I was wondering what you guys use to keep track and mand cost of equipment, materials and labor.I'm debating whether I should use a good old-fashioned excel spreadsheet or if there's an app out there that can assist with us