I generally set the ACV at around 80% for cost for me to rebuild since I take the risk that the house would not be a complete loss and I can cover the deficit if needed. 

This will increase the income of Tucson AZwhere cruise missiles are built.Property values in Tucson AZwill increase because wages and employment go upThe USA will go to war and win after much carnage & damage to all concernedThe USA will send money and people to rebuild what was destroyed and claim reserve status again. 

The property is a complete rebuild so repairs/Maintenance is minimal currently and completely occupied.

Yes, it affects the rest of the world, but countries, like businesses and families, must live within their means.They can rebuild their economy.

I went in explained my case and in the end it passed.If your location is non conforming anyway it doesn't matter what the insurance is because you aren't going to have the option to rebuild on that lot.

Hello JohnRegarding Texas Tax Deed Sales or Texas Tax Sales in General, below is a BP Link that may help you a bit.http://www.biggerpockets.com/forums/53/topics/54445-texas-real-estate-tax-salesIn addition, Be Patient not Eager: Be Sure to Not Overbid if attending the Public Auction: Know the Value of the Property or its' potential Resale-Value so you won't overbid (this will help you gauge your potential ROI).Finally, make sure the location is ideal, and if it is a vacant lot---contact zoning to determine if it is a lot that can be developed/rebuildable.

Very tough times right now in the rental business.I am one of the few landlords I know with 100% occup. right now but I had to pay for it, reduced all my rents 10% across the board to keep my good tenants, and my last vacancy took 5 months to fill and I had to drop my rent 20% from the previous lease to fill it.Everywhere I look are for rent and for sale signs and the tenant quality had degraded tremendously .. credit ratings, background checks etc, which equates to higher damages for landlords and less ability to collect on those expenses .. experience speaking there..Taking on a rental property for a flip is a dangerous game unless you can fully afford to fund the payments for a LONG time and still make a better profit then the risk free rate of return on cash.One bad tenant, not paying, damages, legal problems, and you could be looking a total loss of investment.. which could be considerable to get a mortgage these days.That said:Property Taxes, Insurance costs, upfront renovation costsHouse Age < 10 years preferredRoof Age < 10 year < 5 years preferredInsulation QualityElectrical system ageHeating/Cooling System Age < 10 years < 5 years preferredFloors (Carpets are a hole you throw money into), tile preferredKitchen and Baths (Expensive renovations)You have to be able to accept rental payments up to 20% below the market to get a good tenant and credit and background checks are mandatory .. so longer empty periods are expected right now.Personally, I think this is a great time to begin to build a rental business as properties are available well below rebuilding costsand hence will appreciate but OJT Landlord training will be expensive ESPECIALLY NOW!

Your description is NOT a cleanup, it is a guy to the studs and rebuild.

For example, insurance on duplex is for $150K for rebuild value costing $1400 annually; my personal financial investment is only $23K.How do landlords assess the type of insurance coverage for their property?

It looks like you are tearing out the hallway wall, but re-building a new wall in it's place so you may have to temporarily 'shore' the roof joists, but you shouldn't need any beams or anything.I think Thomas' budget of $10 to 15K seems reasonable for my area, but I could see it creeping up to $20k.