Yes if you rent a 4k dollar a month house as opposed to buying a 100k dollar one, you will be wasting money, but if you are renting something comparable, you are certainly not throwing money away.

Hi all,I have a duplex rental property in Newport Beach CA and want to consider if tearing down old 25-40 year structures and building 2 new townhomes for sale makes any sense as opposed to an outright sales / exchange.How would you get a idea of the costs , timeframe etc.Approach some local builders and ask for estimates ( since they know the local building laws and standards ) ?

I find that it is not really significant, I mean, if you do a rehab, everything on the inside is new, the exteriors framing must be old, but, I have seen things that drops my jaw.

Properties bought for rehab/flip are held for sale (as opposed to held for investment) and do not qualify for 1031 Exchange treatment. 

We are asking for every guest at our wedding come October 18 to give us a cash gift as opposed to material items.

I am wondering if anyone has any experience for feedback for sealing brick exteriors with a 100% breathable product.  

Yeah, I'd go in telling the exact process of what your intentions are too.What I'm wondering is when you explain the process clearly to real estate agents or attorney's it's like their so opposed to it for some reason.. just my experience.

As we went through the process the appraisal came through at the purchase price, but the property didn't pass underwriting due to "exterior paint".  

And for free and no work (as opposed to spending time looking up comps), it's still better than nothing?

Lots of big projects ahead for Summerlin which I love opposed to another popular area like Henderson.