The only way you will know what can and cannot be done is to seek the advice of a geological engineer (as to the stability of the land) and a structural engineer (as to the feasibility of rebuilding the house or making the necessary repairs to bring to current code) Obviously you will need to check with Planning and Building Departments to make sure there are no restrictions, etc., However; if there are other houses in the immediate area, it's probably buildable. 

@Michael KhakshouriThe maximum net passive loss allowance is set by the tax code at $25K.  

Section 121 of the IRS code has examples but does not provide examples where the gain is in excess of $500K, so I am trying to get a clear understanding of how to manage the distribution of the gain.

Now, I'm guessing you're a single member LLC and are likely going to be a disregarded entity, and thus this provision of the Code would apply (To state tax filings, not necessarily federal tax filings, consult a CPA, I would recommend Mr.

In fact (I don't have the code in front of me), look through the TREC rules and it specifically states you can sell your interest in a deal if you have equitable interest.  

I had a 5 bedroom home in Katy, Texas 77449 zip code.

Prompted by this thread I finally got around to reading the fire code on testing of smoke detectors.

I have listed 6 zip codes in Western Colorado. 

Make sure you grab the Add code in your Facebook account page so you can include it in your web pages.

It is mind boggling how complicated the tax code.