I would suspect that you don't know or haven't posted the whole story.... as the dollar amount is ridicules as I'm sure you would agree -perhaps its a response to your friend making a ridicules proposal.Typically, one would sit down with the insurance adjuster and come to an agreement of the scope of the work and amount to pay for it.

If I'm doing this completely backwards or wrong all the way around, let me know so that I can adjust and move forward :wink: Thanks a bunch for the help

Regardless of the actual; reason or reasons, the key element is that it has changed and you need to make the necessary adjustments as a flipper to protect yourself.I still believe that the tax credit expiration had a large adverse affect on the pool of buyers, regardless of other figures posted by others.

But, to value the lots, you need to comp the properties with the comparables zoned in a like manner, or less and then adjust for the zoning advantage..I didn't go to that site to look at the listing (I'd have to type all that in, lol) but in the title you said on the water, so I assume this is on a lake or ICW area.That's another spin, the intrinsic value added for water frontage access or water views.

Then you either adjust your property to market conditions or find yourself with a vacancy.However, if it's a landlord's market (low vacancies, high rents), then you may be "leaving money on the table" by accommodating your present struggling tenant instead of bringing in a higher paying one.

Well, you'll adjust.....Happy Birthday!

That will translate into adjusting the LTV of the loan and usually requires the buyer to come up with funds they were not expecting to pay to meet the LTV requirements.

I have seen it argued that rents have to be adjusted to account for the tenants paying for their own utilities.

This of course requires an understanding of the risk adjusted return demanded by investors for your type of property in your area.Assuming the projected yield on cash invested is high enough, and the cash flow is higher than what is demanded by the market for that level of risk, you will have equity in the deal greater than your investment.

:D Overall, I think the education system that I know of needs adjustments but not a total overhaul.