But the true rebuild cost is $200,000. 

It has been so long ago I can't even remember what the program was called, but it was put together by the government to help speed up the rebuilding of that area after the devastating hurricane hit it.Michael-I'm not sure what to make of your e-mail about Scott and I appearing on American greed.

If you're talking about a complete re-build, yes it would be done up to current codes.

So, I'm essentially rebuilding my retirement from scratch.

You would have to find a carpenter to rebuild it by hand, it's that old.

I own a restaurant that is going through a tear down and rebuild and am up to my eyeballs in contractor issues, etc (more city code issues than with the contractors.

I don't see too many tear downs and rebuild of Multi Units in the city.  

I have excellent credit, my partner is rebuilding his since his divorce.

It's sad, I have ripped out entire bathrooms for being hacked together for both homeowners and investors alike and let's just say any money saved on cheaper labor was lost and then some on having me come in diagnose the situation, demo, and rebuild. 

Two - valuation based on rebuild cost.