Some lost it all in the crash and are floundering in their attempts to recover.

But those expenses can be recovered very easily with referral commissions where you can make $500/hour and up.  

The Assembly could also ban property owners from recovering costs when making improvements or repairs on all rentals, including single-family homes and condominiums.

I think I have a solid plan to recover the value of the property from a construction standpoint, but financially I'm not so sure.

The lenders really would rather not take the house, that is just the only alternative that remains for the lender to recover in most cases where the borrower does not have the means to make payments that satisfy amounts owed to the lender.

don’t replace re cover with rubber roof.

So, Inherently facilitative costs must be capitalized even if the property is never acquired and recovered later via loss if deals fall through. 

After I recovered myself from that crisis & divorce, in 2014 I moved out from NYC, finished my Reserve obligation and came to MD.

Be prepared to pay your deductible and about 20-30% of the claim as actual cash value means you cannot recover depreciation.

That lien will be recorded and visible to all lenders saying "all equity beyond the existing loan is reserved for this business to recover should the owner default on their terms.