Regarding 'damaged' properties

[Santhosh Ramani]

Hi BP folks - 

Seeking options/opinions from the forum here.

I am a passive real estate investor & I own a property near Little Rock , AR. This property was almost completely destroyed by the recent tornadoes. I'm waiting on insurance's final decision.

In the meantime, I wanted to understand what are my typical options here? Unless forced to do so (by insurance/lender), I would prefer to exit this investment, given my limited bandwidth. 

Thanks,

Santhosh