The timeline is years for clean up and decades for reconstruction and recovery.

Real property trades or businesses include: developing, redeveloping, constructing, reconstructing, acquiring, converting, renting, leasing, operating, managing, or brokering real property.Items under your “research” category would likely count under “acquiring” real property.Items listed under your "leasing" and "maintenance" categories would count under "operating/managing" real property.Re: wages - Unless your LLC is being taxed an S or C Corp, you're not even allowed to pay yourself wages (owners of an LLC are partners, not employees).

Sometimes it is very difficult to reconstruct your depreciation schedule without the help of your prior accountant but still potentially possible.

While insurance might cover the reconstruction of your property, the community's recovery could take years or, in some cases, never occur.

So I'm sad to say, that because of the local italian government, any reconstruction of these types of buildings, must follow the guidelines of what is allowed and not allowed.

., barns, stables)FHA 203(k)Minimum Down Payment: 3.5%Minimum Credit Score: 620Minimum Loan Amount: $50,000Maximum Loan Amount: $524,225Occupancy Types: Primary Residence ONLYUnit Maximum: 4 UnitsAcceptable Renovations:-Structural Improvements/Reconstruction (e.g., adding rooms, bathrooms)-Cosmetic Enhancements-Eliminate Health and Safety Hazards-Energy Efficiency Improvements-Major Landscaping (e.g., grading, tree removal, adding walkways)Non-Acceptable Renovations:-Luxury Items-Commercial Use-Temporary Structures-Non-Residential BuildingsBoth of these renovation loans are similar in many ways, but the key differences are:1.

The timeline for reconstruction is decades, many will choose not to rebuild or re-take the risk.

I taught myself Spanish, I already know the construction crews in the area, the realtors, the communities, the land, I have someone managing the property, I have a maintenance crew… I already did an incredible amount of the work involved in finding a deal and turning it around through reconstruction and proper management.

I’ve since moved on and we’re planning the reconstruction now.

While insurance might cover the reconstruction of your property, the community's recovery could take years or, in some cases, never occur.