Be sure you make sure that any contractor you choose is versed in fire damaged restoration. 

That's because there are no tax consequences to the grantor until the option lapses or is exercised.If the option lapses (that is, the holder chooses not to buy the real estate), the grantor has income equal to the amount paid to him or her for the option.If the option is exercised by the holder (that is, the holder buys the real estate), the sale proceeds for purposes of determining the grantor's gain or loss on the sale of the real property includes the amount the grantor received for the option.The grantor's tax deferral can only be achieved if the agreement is a true option. 

@Joe Splitrock - I would choose capital too.

Originally posted by @David Song:@Samuel Eddinger This is not new.

If you add "Baltimore" to your list of alert keywords you'll see that Baltimore comes up a number of times for people choosing which market to invest in.

Not a lot of value add, but if I had to choose something it was switching from a STR to a traditional rental and going from collecting zero dollars in rent to collecting 1500.

With some many cities to choose from in OH, where does one go about picking the right city to lay the foundation?

I've always been taught to pay down debt, so choosing to finance for longer is foreign to me! 

I am currently in the process of getting a HELOC out on my primary residence and if I choose to use the money I would be banking on interest rates going up where in 10 years I'll be thanking myself for having 30 year fixed debt.

It's up to you to choose one.The most common methods are:county assessmentprofessional appraisallocal Realtor's opinioncomparable sales of undeveloped land in the areaYou can also choose whether you apply the $ number or the land/improvements ratio.