That means bringing all electrical up to code and it may be worth more than what you can sell the house for depending on the location.If they are pumping water out of the basement - it could be a simple matter of putting in a $6,000 "waterproofing solution" (installing drainage tiles pointing water to a sump pump) to a $12,000+ repair of putting in structural steel to support a collapsing basement wall due to hydrostatic cracking occurring on the foundation.I would tread lightly on this deal.  

You can add bathrooms, finish your basement, and create bedrooms with a few simple clicks. 

Could the denial be as simple as asking for a current shot record of the Animal?

In the begining, just keep your projects simple and average for the neighberhood.Try to find local and experienced professionals at what you do to put on your Team.  

The idea of making profit from this area seems theoretically quite simple.

I have some work I want to do on the property first before I do the appraisal, but that is a pretty simple way to get it done.  

I have gotten tons of messages by just posting a simple thread to connect.

They walk you through a simple process and they take care of it for you and for a lot less than an accountant and lawyer.

Quick question about property taxes in Marion County: is it as simple as Assessed Value X 2% to figure out annual property taxes?

Simple "show me the permit".