Might be called something different (its a "notice of election and demand" or NED here in CO), but I think lis pendens is correct for SC.You may be able to call the recorder and get some info over the phone.

Getting it right can take a vast amount of time and corrections, and you can still have a mess.

Yes your correct about getting hit with those capital gains taxes.

I am trying to correctly price all the costs of material and labor on my repair estimate sheet, and I just happened to stumble across a website called homewyse.com I am pretty sure the pricing is geared towards a traditional homeowner, but I am just trying to find out whether someone has used this website before and found the pricing to be accurate.

You are 100% correct.

That said, you need to understand that I'm not saying your due diligence was correct and I don't know what Sec. 8 allowances are in your area.

Always pay the last payment after the job is completed to confirm all work has been done correctly.

Can anyone verify that this is correct, or am I missing this entirely?

There are a number of markets in the US that have already corrected.

If so, then the cost to build was lower than the median sold price creating your spread, correct?