The rent is calculated from the zillow estimates.

Hello, my name is Paul and I am excited about this journey!

It is up to the CPA to determine if the taxpayer is an "Affected Taxpayer" and if so which date/dates are being extended.

So far I have gotten good feedback and I think the best way to learn is by doing and by learning from real life scenarios.

This is free money for them.    8.  

Quote from @Jonathan Bock: @Armando CarreraProtection first... nothing elaborate is usually required.  

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

You aren't getting the tenant out no matter what.

If the property is in good shape, cash vs. mortgage is negligible.

So I am not completely sure but maybe it is because it was blocked for so long.