I'm also a licensed builder but usually only build on our own deals (on spec) when development or rebuild is viable.  

Unfortunately we just price them under market and rebuild the review history

Especially if there’s a fire and you can’t re-build because the easement is now unnecessary — you can build within your lot lines.

Insurance is going to rebuild the house.  

Re-Posted by Kristen Haynes, New Home Buyers Brokers/Realty Pros- from Talking Points – ‘Rebuild’ by Scott Brixen February 9, 2024Friday, February 9, 2024Want to learn more about it first?

From what I've read, insurance is a bit more complex than costs to rebuild, when it comes to multi-family.

For those that had loss of use or ALE (alternative living expense) insurance, the insurance company was required to pay for your like-kind housing while you rebuild which includes furnishing the rental as well. 

From what I've read, insurance is a bit more complex than costs to rebuild, when it comes to multi-family.

Have an idea of the limits you want quoted     - Building - cost to rebuild    - Contents: do you have any business property there (appliances that are not built-in,         maintenance equiptment, furnishings in common areas) - what is the cost to replace them    - Business Income:  What is the total rents minus the costs that don't continue    - Liability:  What limit are you looking for2.

I am rebuilding my real estate portfolio and exploring my options about using debt - very carefully.