@Mike ChubbWhere there is a great deal, there will be funding.Give us a lot more.How much is it going to cost to renovate (or possibly tear down and rebuild)?

Like others have said, rebuild the steps and add some new posts and railings.

The other is going to be a complete tear down and rebuild new.

@Fred Stevenson Actual Cash Value is acceptable if you are insured to a reasonable rebuild cost per sq/ft. 

If you lost a house and had to rebuild you are looking at 5-7months of build time frame.

The insurance company pays you to rebuild the house, but whether or not you actually rebuild it is your decision.

Since then I've learned alot from trying to make an offer for a dump of a place towards rebuilding it, and am currently looking at other strategies and planning on doing some blogging about it soon.I've been considering renovations and/or multifamilies in the Seattle core even though the ROI is so poor just so I wouldn't have to keep paying rent of ~18k/yr.

I rebuild vintage airstream trailers as a hobby.

The cost to replace these homes as they are would likely be much more than the way you would actually rebuild (i.e. brick covering 100% of the home, wider hallways etc.

Retirement is no good if you have to live a life of PB&J till you get there.Cash in your money and rebuild.