This house we plan on completely tearing down and rebuild all new.

JPOW sets his federal funds rate to move the needle in aggregate, rather than making individual decisions about each individual thing, same thing here, just move the needle as needed to produce the desired aggregate outcome, no individual debates about the price of eggs or the cost of a new car.And if a bunch of users with 500 posts and only 4 upvotes wind up banned b/c they just can't help but solicit... please hold the tissue I was crying into, so I can play the tiniest violin in the world while I attempt to hold back more tears.

It is in their lease and HAP contract that they will be charged for damages beyond wear and tear.4.

His new builds start with tear downs (around 200k) and new construction is around 600k.

I have heard of people needing portfolio loans to finance these properties, it could be a tear-down if you can't get an occupancy permit due to the home type.  

There are some ways to protect equity using multiple companies but it is very easy to have in depth discovery tear them down, and I have seen bankruptcy trustees shred some pretty fast.

Just make sure you have Gap insurance & coverage for any & all damages/wear & tear no matter how minor.  

If roofed, maybe lets you just tear a square off for deck inspection. 

Full blown appraisal done (by the bank), on what I would consider a tear down property that came in at $240,000. 

If you allow for pets, be prepared for them to tear up whatever you put down.