Let her go, get the place treated so it is 100% roach-free, and then find a new renter.At the same time, I would have an attorney draw up a letter hammering the HOA for not stopping the roach problem because it is costing you money to continue treating and you are losing rent income.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

That’s super helpful.my back up plans to that idea were to either.A. 1031 it into a new build with far less maintenance costs for another 3-5 years before recycling that same concept. 

If you have to change a water heater, which now costs around $2000 in Colorado Springs, that is a large unexpected expense that the owner has to pay for.

The 1099 has no effect on your taxes.

Those numbers would be ok, but do you have money for the downpayment, closing costs, capital expenditures, 15k for reserves?

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

Normally, if the policy values the loss on Replacement Cost, they will initially pay the loss at the Depreciated value, once the damaged area is rebuilt, then they pay the additional amount (up to the limit on the policy).   

I was concerned that the houses don't meet the 1% rule but with older houses, you're losing in more repair costs. 

Is anyone familiar with the cost of getting such land buildable?