In reading the fire report it was stated as the cause: "excessive usage of fireplaces over time that had an ongoing pyrolysis to the wood structure members."

Very common for Mound systems and other alternate systems to cost well in excess of 20k..

Future excess cash flows would be reinvested in the same reinvestment assets as previously, then discounted to the present day.- Project various terminal year cash flows based on various potential sales prices to set up a "if the property sells for ___, then we'll return ___ " type of situation / table.Would this be appropriate / logical?

Justin, I 'd love to link up with you and possibly work together to eliminate excess work.

I carry insurance, both general liability in excess of $1 million as well as workmen's comp.

However excess losses are only deductible against passive income unless you are considered by the IRS to be an "active" real estate professional.  

Excessive holes in walls, large holes in walls, or any Tenant-initiated repairs to walls, ceiling, etc., that do not match existing pattern or that require further repairs or sanding to return to existing pattern will not be considered reasonable wear and tear and repair will be charged to Tenant."  

However, because its larger than the $14,000 limit, it will require your mom to file a gift tax return and the excess ($126,000) will reduce the amount her estate can exclude from estate taxes.

This allows for Rehab budget excesses and lower than expected appraisals. 

We don't have a lot of excess inventory like other "rust belt" midwestern cities do..