Commercial real estate are not based on comps, but on Net Operating Income and Caprate.

Some facts of the house:Location: Nassau County, NY, Town of HempsteadYear built:1929Purchase price: 290,000 in 2013Condition: AverageLot size sqft: 5000Livable sqft: 760I'm seeing several houses in my zip code that have been demolished and rebuilt into new houses with the maximum allowable livable square footage selling between $1.0M- 1.2M.Which is a better option taking into consideration, profit and capital gain tax (assuming my household income of 80K)1) Should I sell this house as is at $450K2) Demolish this house and rebuild it without taking out a loan.

What are some of the best real estate low risk strategies investing long distance/ Out of state that can produce reoccurring income?

I wouldnt increase my tax bill to show higher income , self employeed , they want 2 or 3 years 

Both must use non-recourse loans only (property is the only security) and only the Solo will avoid the UDFI which kicks off UBIT on the income from the financed portion of the real estate.   

The house looked in good condition and I knew this area is up in coming and I will be able to take advantage of the new ARV.

It is his primary source of income (held in an LLC) but is paid off and he's considering selling or pulling money out for a down payment towards a new primary purchase.

One needs income to buy real estate .. so if you can make some income selling real estate you will also learn how to buy and sell it at the same time.. plus the connections you make can be life altering.there are many different income opportunities once you have a license.

Yes, Insurance is a tax write-off for a rental property.It is also true, that if expenses are higher than your income(not including depreciation) that it may lower your DTI Ratio.

Is a low income area, and building is not in great condition, but 90% occupied.