So the purchase of the home included the empty lot.

Not only is the current owner asking for a 300% price increase over what they asked in 2019, but they have included in the new asking price the cost of the garish furnishings they want to sell with the home.  

Your calculation of $40,000 out of $160,000 would apply if the total investment included both the property cost and the materials/supplies, but in this case, it seems the property cost is separate.

This includes electricity, water, gas, and any other necessary utilities.3.

He says he makes $8000 dollars every month- I am thinking he is including his own payroll.If he was passive, he would have to put money to keep the lights on?................

Can we redefine a "Unit" in such a way that it only includes roof and maybe exterior paint (to maintain uniformity) in the CCRs, and use this definition with the NRS 116.3113? 

On the other hand, some disadvantages of investing in Dayton may include economic fluctuations, potential property maintenance issues, and a competitive real estate market.

It took us about 2.5 months to renovate the entire property including all the old systems (HVAC, Plumbing, electrical and roof along with everything else). 

One of the hurdles is the doors and windows...they will have to be identical to the original, which means made of wood and sometimes even single-paned.

Market participants are waiting to see what inflation will portend for the month of March, including bond traders who are staying away from the 2 and 10 yr.