I Went to look at the property and found out that it was completely destroyed in a fire on the evening of the auction day.

YOu could raise rent, have a tenant refuse to pay, then you evict them, while they destroy your place on the way out.

It seems they have no motivation to get this done quickly, and they don't care that half of our home is destroyed and we are living in poor conditions.More than anything we just want the repairs made, but if the weeks keep adding up, we also would like compensation for the HOA's/insurance company's inability to facilitate the repairs. 

Rent control destroys cities especially the poor areas of cities that need revitalization. 

Not only can you not agree before the partnership, something will likely come up during, and it'll destroy the friendship.  

The tenants destroy it and have been in a REAP program in the past where the city steps in and takes 50% o the rents in an escrow program. 

Her only other negatives that come to mind is she has destroyed several pairs of shoes and books by chewing on them.  

Chicago zoning code states that if a property is destroyed not by the hand of the owner, it can be rebuilt as its grandfathered use.  

Your little maintenance numbers would be destroyed for several years with just one tenant like that.

On Replacement Cost estimate the insurance company is trying to calculate how much they think it will cost to rebuild the property if it is completely destroyed.