We obviously are in no rush and are in the rebuilding stage.

Rebuilding cost by the insurance= $600kNow logically speaking, FMV should be >= Rebuilding cost. 

I am thinking of adding 2 stories on top of the garage (essentially rebuilding the garage) and adding north of 1000 sqft livable space.

I am interested in connecting directly with investors who specialize in teardowns and rebuilds.

The updates required to renew made the demo and rebuild more economical.  

Yes, post WWII there was a very similar bull-run, because of the obvious down from WORLD WAR, and the obvious rally from NO WORLD WAR and the bizonkers commerce explosion that rebuilding from WORLD WAR made.

OK, savvy investors, talk to me about your experience financing the purchase AND extensive rebuild of a multi family building!

By end we re-did the entire mechanical system, EVERYTHING, had brought in structural engineers for the complete rebuild of the 2nd story, our $35k reno went too almost $80k, it was THE nightmare flip.

Replacement Cost:  the cost to rebuild the structure with the same kind and quality2.

Taking the time to thoroughly evaluate your options and consult with professionals will help you make the best decision for your situation.These AI generated posts need to chill.Why did you buy an adjustable rate during 2021 and you realize as the property appreciates your taxes will too, and insurance is likely going to also(cost to rebuild)?