Or you could pay a one-time upfront PMI buyout when closing if you have the money.To refinance out of FHA isn't hard, you just have to pay closing costs again(origination fees, usually points to get a certain rate, appraisal, and rebuilding escrow).

For rare occurrences it is unlikely any one house will burn down so they can spread the cost of rebuilding the one that does over 1,000 houses, not really doable with vacancy as most properties will become vacant at some point.

It’s for people whose credit is damaged and they need time to re-build it.  

Most people are buying houses and tearing them down and rebuilding.

I have to obtain a "Lenders Letter" from the County on what the "Rebuild Rights" are for the individual owners and have been told it will mirror what's in the zoning code on rebuilding a damaged structure - the same 50% language. 

If you want to change the size, rise/run, location, etc. you're going to need permits, etc.If you hire out a total rebuild, the contractor will most likely have to be licensed and insured.Honestly, I'd do this myself.

It happens often when comparing different companies The Replacement Cost is the estimate of how much it should cost to rebuild from the foundation up with the same kind and quality of materials.

I would think a lot more difficult (we have had OOS property but did not attempt an OOS BRRRR, but we have had to rebuild twice OOS after hurricanes and that was not easy).We have built our RE holdings largely via San Diego BRRRR.  

In theory, if it still makes sense to tear a house down and rebuild it financially, you can always do that.

I'm looking for recommendations on a company/contractor to rebuild a crumbling chimney on 1900s farmhouse in Janesville, Rock County.