The project will start soon, and I believe it will take that long for the construction company to complete the work on all the buildings.I have landlord insurance with State Farm, which includes coverage for loss assessments that should cover this amount.

But if this is your first investment property you may want to talk with a property manager to see  if you are maximizing the amount of rent you can get and what repairs/maintenance work is needed before renting the place out. 

OH gosh I just read this and this is what led a company I worked for in the 80s into a massive BK loaning between partnerships..

If you choose not to rebuild/replace your settlement would usually be for actual cash value.It's unlikely you can get a settlement for above the coverage amount you paid for.

Quote from @Cory King: Hi @Bill GrenierThe amount of structures can have an impact on financing but there are options out there.

These types of policies are structured the opposite of a typical policy where the goal is the large death benefit amount. 

The other 2/10 is a foreign object in the drain or someone really really flushed a massive **** ton of toilet paper."

Ask yourself if the IRS tried to say you were over/underpaying and they want $ from you, could you defend the lease amount?

I went to MFIN in Houston and there seemed to be a decent amount of investors

There is also a huge amount of strategic and legal expertise across many states in getting non-performing notes to “re-perform” and be sold, perhaps to someone like you.Performing loans don’t require anywhere near the same amount of work or expertise but typically involve a lot more capital per loan.