Quote from @Conrad Tillman: Quote from @Jay Hinrichs: LOL  its kind of like 50 ways to leave your lover.And its very much dependent on your jurisdiction. however I will list the stuff I have gone through the last decade or so through about 200 new builds in 4 markets.1. material price fluctuations. rarely down almost always up pretty much annually. 2. as we all know labor  scarce  and or unqualified and do poor work..

Could you please share your experiences, tips, things to look out for? 

Welcome to the community.

Just the actual cash value   You may want to find a good broker in your area that works with real estate investors.

I would like to tear down and rebuild the front house and rent it out I already confirmed with the city that the zoning is ok for the rebuild.

If he insist going in the early part of the AM, then that is a redflag.

I'm giving a reverse example, as in I will show how my credit score dropped 59 points in one month because I forgot to do my "trick".The trick is to pay off your entire balance the day of your "statement closing date". 

Yes, I would contact the pest control company and demand they pay the cost of repairing this.

And post to as many sites as possible.

I know in LTR the thought is to keep carpet until it gets messed up and then replace.