Constructs or reconstructs it.

@ Natalie Kolodij I thought the activities to qualify as a REP are rather broad such as acquisition, sales, reconstruction, conversion etc...  

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.

I reconstructed the 2019 shareholder basis which is inequal but noticed a JE to equalize basis by prior CPA.

The difference between us is that I know I'm not qualified to be a surgeon.

You disagree because you lack knowledge, you don't begin as a brain surgeon.

The Co-insurance clause will state that you must carry an insurance limit on the property in an amount greater than or equal to a certain percentage of its total reconstruction value.

Going to school to become an anesthesiologist, surgeon or pedodontist are great ways to become much more wealthy than the average median wage earner investing in 200/door cashflow, why doesn't everyone do it?  

Take photos to prove you disinfected properly before reconstruction.

I have a good team to reconstruct it, however, my bigger concern is the end buyer getting funding after the rehab is done.