Adjust cost basis - This is the purchase price, plus capital improvements, minus depreciation.

We purchased the land that we are bringing into the deal. 

Quote from @Bri Hall: I purchased a residential lot that after being surveyed can have two homes placed on it.

No, refinancing isn’t an option because of how we purchased the property.

Have you found a group of others in the same boat or have you followed through with any property purchases? 

Their service states that they ensure spam labeling protection up to specified numbers of calls and it was also mentioned when I called them regarding their services so I disagree that purchasing their multidialer service and being given a number that is marked as spam on the first call is anything less than unacceptable.

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

I would also suggest finding a 100% LTC (loan to cost) lender that will fund all of your rehab and all of your purchase.

Purchase price: $122,000 Cash invested: $41,000 Value after renovation $175,000.Closing $ 31,000 Renovation $ 10,000 How did you add value to the deal?

Purchase price: $615,000 Cash invested: $630,000 Sale price: $1,500,000 New Construction