I've just begun to look into the process of getting them authorized... from what I've read so far it sounds like a complete "reconstruction" is needed. 

I am talking here about future value of the properties and how can they appreciate or not in time (I am aware of the risks of bad tenants, but that’s another story) and/or what to look at or not when choosing a neighborhood or studying a deal.Also, to seek opinions from people within the US and, even more, people living in Detroit, to see if the hype that the city has been having (at least here) as a good opportunity to invest and expect a huge rebirth of the city in terms of jobs and population growth is justified or just hype.I also want to seek opinions regarding the amount of investment the city has been having in terms of buying and reconstructing houses: does it match the actual need for single family homes or there are more houses available than the people looking to rent them?

Then there's this: Vice President Asia - M&A, Product Development, In-house Counsel Tax and Corporate StructuringCompany NameBear StearnsDates Employed2001 – 2008 Employment Duration7 yrsLocationHong KongAcquisition and Amalgamation of Target Companies for IPO and Back door listingsPrivate Placement Strategies - Financial grooming and reconstruction of balance sheets for clients, take-overs and mergersDesign and Management of Sophisticated Financial Products, investments and MortgagesCorporate Structuring and Tax ManagementIn house Counsel - principally tax and business organizationTraining and Development of key personnel, agents and advisorsRemuneration Planning*****So in case any of you lost your asses in the last global financial meltdown, you can probably partially thank this guy and his "financial grooming and reconstruction of balance sheets".  

The reconstruction of the economy will be fast?  

Loss of use coverage only comes in to effect when there is a covered loss and the home is uninhabitable during the reconstruction.

'Thanks, Dan DietzHey Daniel, The IRS has a list of 11 real property trades or businesses that qualify: real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.

Reconstruction Cost). 

thanks If you bought it vacant, then many of the expenses may have in fact been acquisition costs to be added to basis or depreciated separately. 100% bonus depreciation was available on certain improvements or items PURCHASED AND PLACED IN SERVICE after 9/27/17.The 750 have to be in Development or redevelopment, Construction or reconstruction, acquisition or conversion, rental, management or operation, leasing, brokerage.

In fact, it was 3 days prior to me having my shoulder reconstructed, which might be part of why this deal was stressful.

You are buying properties in run down neighborhoods for substantially under reconstruction value and the structures sit on land that has little value.