The case specifically stated that the taxpayers used wife's calendar and receipts to reconstruct the time and entries on both spreadsheets for the first half of 2014, and that for the second half of 2014, the time entries came from a contemporaneous log wife maintained on her phone on which she entered the date, location, time and description of each task she performed.

There are hundreds of factors to consider, some of which are intangible, and that appraisers get training for years to learn how to do this.I then use the example, would you want a computerized doctor to operate on you based on how the surgery should normally go or would you want an actual surgeon there who knows everything that can go wrong and can fix it as it happens?

I am a firm believer in going to the Specialists .Doctors are somewhat like Lawyers and CPA's .You would NOT consult a Brain Surgeon for Hemoroids .

-- so glad to reconnect) is spot-on in her explanation of the income-property pro forma -- especially her emphasis on the need for "best case," "worst case," and "most likely case" scenarios, which implies that you are reconstructing the seller's representations (as suggested by @Andrew Syrios), not swallowing them whole.In regard to development pro formas, I might add that our approach has been to produce month-by-month projection of the project's cash inflows and cash outflows (including loan draws and repayments), along with monthly estimates of project absorption.

Then in 2012 the property had significant basement reconstruction & drainage work (old block basement) with all the required permits & inspections including that of the sump pump where the french drains were to terminate. 

When I asked what this was all about I get a response saying that they convinced the carrier to use their reconstruction calculator and agreed to bring the increase down to around 59k.My question to other landlords and insurance people out there: 1.)

Redevelop - Meetings discussing demolition and redevelopment Construction, Reconstruction, Acquiring, Converting, Renting, Managing, Leasing, Selling of Real Estate.

Apologies first for such amateur question: in new developments, when construction companies quote construction cost for "$ X/sf", is this number usually "the total construction cost divided by living square foot ONLY"...

Finance, Well put; I will however, say that the IRS will allow you to reconstruct expenses, if they are deemed reasonable.The law however does in fact say that for all businesses you are required to take all expenses you incur for which you have documentation.

Rehabilitation Tax Credit - Real Estate Tax TipsThe rehabilitation credit applies to costs you incur for rehabilitation and reconstruction of certain buildings.