Hey @Steven Scheetz, how often does Scheetz replace sheets?

It is currently vacant and we are looking for a Full Replacement Value policy in order to comply with terms from our lender.

If coverage is below that threshold, the insurer reduces the claim payment proportionally, even when the loss is well below the policy limit.I may be reading it wrong, but even a $2M home shouldn't cost anywhere near $180k/year - that sounds crazy to me. 

What was replaced, who installed it, what warranty applies, and whether that warranty is actually usable when something fails again.Early on, warranties were effectively useless because:Paperwork lived in emails or invoices that no one could findVendors changed, disappeared, or denied responsibilityPMs or VAs didn’t know what had been installed three years agoNow, everything is standardized:Approved materials list by asset classPreferred vendors tied to specific scopesWarranty info logged at install, not at failurePhotos, serial numbers, and install dates stored centrallyThe key insight is this: warranties only matter if your system can surface them at the moment of failure.

Seems normal window, glass contractors do not have much idea on these sound proofing type of task.

Sounds like a great plan!

I would imagine that plus the 3" sound insulation would make a huge difference Yes, rockwool insulation especially is very good for sound and pretty good to work with. 

Sounds like a solid entry point at $185k with that ARV range—especially with the roof already done in 2023.

A regular depreciation recapture, but a sizable capital gain.Observed benefits:No capital gain tax and no tax on dividends if invested in an opportunity zone fund and held for 10 years (it's fine with him).Sounds good in theory, but are there unseen cons?

If you replace half of the plumbing system, you will still have issues from the other half.