Develops or redevelops it.Constructs or reconstructs it.Acquires it.Converts it.Rents or leases it.Operates or manages it.Brokers it.Keep in mind, the RE pro text must be met for EACH property, unless you elect to aggregate them all as one activity.

I bought my house a couple years ago as a forclosure with a reconstruction loan, atm considering equity it has had a great roi.Hopefully it will sell at a nice profit in a few years, I would consider it an investment.Was also a good learning experience and trial run, a different type of investment so to speak.

I had a similar deal and had to go back to the original purchase that started the mess and reconstruct everything and when all was said and done, none of the supposed heirs had a legal interest.

If it's a big job (e.g. inside the walls), some people will charge you, and depending upon where the bees are, reconstruction may be needed.My wife and I answered a swarm call once where a huge hive was found inside the walls of a church.

Better might be something that pays the bills but exposes you to RE (construction, office work for a company in the field).At some level assume that a sales job might be great training for life but a real negative for credit.

I am living in Augusta Georgia right now doing an internship with Balfour Beatty Construction working on a $68 million hospital reconstruction and addition.

I've discarded the spreadsheet I used for your calculations, but you should be able to reconstruct it.

Mechanical repairs IE Roofs, re-construction, electrical, Plumbing, ETC.3.

What would you get rid of first to before the reconstruction took place.

Lots of individual residential and several small subdivisions, retail, plus a good mix of dorky engineering stuff for street reconstructions, forensic studies, etc.