My quote was from State Farm@Jason BottThe quote is for $10,000 in sewer and drain backup and w$500k in liability and $5k in medical coverage with the replacement cost to rebuild at $696,400 for a $300k property. 

One other note is that I believe the interest you incur during the rebuild is also a capitalized expense under 263A (uniform capitalization rules), so you couldn't write those. 

The historic society will basically give it to us to rebuild, but we MUST keep the front part as is because it is a "historic building". 

that is the smell of money. .. you just have to buy it very cheap.. many times you have to take the house to the studs and rebuild to get the stink out.although I bought 5 last year and bulldozed all of them.. those are prime target for mc mansion infill rebuilds.

@Jesse Lugo Jr I've just hired several people to work for me, and I'm trying to make sure that I can keep them busy while I rebuild my construction business after traveling out of state for the last several years.

We are working with a number of investors on a variety of deals right now; this will be a very strong market for many years during the hurricane re-build.

My point is that as someone who had been through a short sale and just starting to rebuild, I didn't want to put my name on the largest commitment of my life without a fiduciary.

We have done a gut rebuild on the unit and are ready to start looking at kitchens.

I work with tons of investors who snatch up the $3000 homes and rebuild 1 at a time.

  $160k rebuilding costs coverage with $1million/$2million liability coverage.