Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.

Coos Bay - The main delay with application in this area is whether the property is on public utilities or has a septic system and private or public water source.

My rental condo in Asheville, NC was spared damage from the flood, but when the city finally turned the water back on a few days ago, they somehow overpressurized and blew out a fitting inside a wall. 

@Marc Robinson what's the lot rent, who pays what utilities and what's the source of the water and sewer?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $785,000

Cash invested: $156,000

Short term vacation rental in Panama City Beach. New construction, fully decked ou...

You said public water was available...would the lots require a septic system to be installed or is public sewer available? 

Or paying off my debt, while I provide them with a nice house to live in instead of an apartment. 

Here's my takeaway from the market:Smaller, less impressive cabins are pretty over-saturated and unless you have a big view (or water frontage) to really make you stand out, you will struggle.  

What the city housing clerk is telling me is that there was a water leak from behind the sink pedestal on the second floor bathroom that has been running for a week. 

Alternative route I chose, I will leverage my duplex (purchased 4 years ago) equity through house hacking to have skin in the game on next flip.