One option I have is to demo and rebuild the house using insurance money but it will take about a year and lot of involvement.

Just save money and etc....This conversation is not for you.

Over the years every single time I went over his house to hang out we would talk about money, investing and the future we were building.

Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

I am interested in working with MB capital in getting unsecured line of credit and possibly hard money lending.

I've never spent money on inspections/environmental before having the property under contract.

Biden has promised money for 6 mos, but he won't be President in 8 days.

Is it hard money loans, angel investors, etc?

Unless you're working with Private Money that is going to carry the risk of your lack of experience, banks want to see experience, Net Worth and liquidity after close to consider the terms.I started with single family, four plexes, and remodel flips for a lot of years before getting into larger deals. 

@Brady Bitter yes, some of us use this technique for temporary money.