I'd set up a new expense account called "loss on retirement of asset" or something of that nature to your chart of accounts and throw it in there.

I, just my skeptical nature, will dig back further but that's not the norm.

Remapping happens it seems after each natural disaster in an area.

Many of these issues are an administrative nature, many agencies can levy fines without having to take you to court, but through administrative commission or board actions.

They become important lifestyle choices.The skill set is a bit different & if your natural talents mesh with the commercial space you just may accelerate the growth of your net worth.

With practice it becomes very natural.

My experience is that the tenant/buyer's Lender will not necessarily have a problem with it, but you must disclose to them the nature of the transaction: that you are buying the property and selling it shortly thereafter for a profit.

My questions here are general in nature as this potential deal hasn't progressed far enough for me to pull additional information.

While it does sound like a scam, I do know that insurance companies look for places to rent temporarily for customers who need housing after natural disasters.

And nowhere in the formula does it account for appreciation either forced or natural occurring.However, I strongly disagree with the look at 100 properties to buy one property.I don't want to waste my time looking at 100 properties to buy one.