The library of podcasts are excellent as well as the other published material in the learn section.

You put in zip code for area to get approximate material and labor cost..This helps me keep things in perspective.

Alternately, can you work with a hard money lender in your area to get the funds?

You should consider this as almost a sales presentation, before and after shots of the house; a list of improvements, if you are going to include the price of improvements don't forget to list everything, materials, labor, cost of money, carrying costs and the cost of sale; some current comps from the area that you based your after repair value on.

Also, does he have an alternative investment that he wants to trade this into?

Once the first property is done I would then look to move into the next property which I acquire, repeat process of potential frustration.Scenario 2:Alternatively, I have thought about looking at purchasing a duplex to get started and renting out one half while living in the other.

If the house is actual cash value and insured for 50% you could get even less like maybe $4,000 paid out on a $20,000 claim because they depreciate the value of the damaged property, then penalize for being underinsured, then subtract the deductible.The modified replacement is a good alternative.

Some of the sellers of real estate there were apparently demanding to be paid in an alternate currently other than the argentinian peso.

So now the plywood will be removed, treated and allowed to completely dry out and replace a couple of feet closest to the w/d connections .I will create a document with pictures and copies of all receipts (labor and materials).I will be glad when this mess is over.

sounds like it is mostly just buying a license for discounted marketing materials/system for a few zip codes4.