There is another option to reusing your eligibility if its all used up and that is a One time Restoration.

Building Coverage – this mitigates and restores the building from covered losses and this coverage is required by lenders to secure loans.Building Coverage – i.e. fire, wind, water, vehicle impacts and other elements of structural damage.If rented while you are looking to sell itLoss of Rents/ Business Income Coverage– pays for loss of rental income when a building that is rented to others is damaged by a coveredloss.

The place is now an AirBNB and she restored everything to the way that it was when Elvis visited (including photos). 

Right now, a rubber tube was used to temporarily connect the pipes but that needs to be restored to its original condition. 2- When replacing the old sewer line of my old home, the storm drain pipe from the roof was disconnected from the sewer.

But I have seen a few that I would have passed on, where someone more commited restoration threw cost to the wind and rehabed it.

Aloha,Just get an estimate from a legit contractor to restore the areas.

Delaneys Restoration Inc has been rehabbing multifamily for over 20 years and was able to bring that experience to the partnership. 

@Jeremiah Perry we followed the process of purchasing a property which was in need of remodeling, we would identify any necessary upgrades, as this is a perfect opportunity to fix any items which may give you headaches down the road, such as plumbing, electric, ac, roof etc. once the property has been fully restored and while it has been listed for rent, we move to apply for a loan in this case Line of Credit which uses the property as collateral, the lending institution will have an appraisal performed against the property to determine the value, however many banks are now requiring at least 1-2 years of maturity on the property before they accept the fully appraised value, meaning they will loan you a certain percentage (generally 60-80%) of the value of the purchase price plus the investment for the repairs, I have found many banks are moving in that direction lately, where a year ago they would do the loan based on appraised value with just 6 months maturity, but I would recommend you shop your local lenders for more options.Our situation was similar to yours as our company was fairly new, but since we had W2 income, and good credit history, we were able to list as Guarantors for the loan, so that is a plus you have going for yourself.

Mold from a roof leak in the back laundry room caused most conv. financing denials.While viewing the home our agent called the bank in TX & we had a verbal for $21,000 CASH.We did nothing to it but our new buyer restored it beautifully.2.

I restored the fancy casings in one of my buildings myself because I know couldn't even pay a carpenter to do it.