For example: If I bought a house for $200K, and the quote to construct the very same house in the same location is $300K, then the value of improvements should be considerably high ($200K) and the value of the land be considered negligible (closer to 0).Of course this helps depreciate more improvements in the life of the property, but I would like to hear your thoughts on whether this logic would hold up with IRS in the event of an audit.What do you think?

They're not expecting a highly sharpened number on the first go, just a show of seriousness.

@Haylee Moore I highly recommend Jake Trimble with Brightway Insurance.

Being a local company, providing quality housing and great service is very important to us. 

Some trends I have been looking into are modular built homes, uses for small offices in the suburbs, and MTRs in high demand areas.Interested to hear what people have seen!

21213 fluctuates for asset quality. 

I found this excellent article this morning- folks in high-appreciating real estate markets, take note!

Gradually you will learn, gain experience, build the network to be in a better position to develop this high potential land. 

Where there will higher quality tenants? 

FTCC is honestly a very solid community college, and I know plenty of people who have attended there an give it high marks.