Then if I hit that properties account for a new roof I'll begin to rebuild the account until its at it intended balance again.

At those prices your purchasing near rebuild cost in a location that is growing, has high median income and strong rental demand.

Every piece of granite needed to be trimmed, cut at an angle straight, polished, beveled and fit perfectly on a set of cabinets that wasn't perfectly square.Other misc things were demo of old counter, rebuilding plywood base with cement board.

The limit of coverage reflects the estimated cost to rebuild your home if it is destroyed by a covered event.)Home Protector (This endorsement will provide additional coverage if the amount of a covered loss exceeds your Dwelling coverage limit because of increased building costs, building code changes, inflationary effects from material shortages or additional debris removal expenses.)Personal BelongingsOther StructuresLoss of Rental IncomePersonal Liability Medical Payments to Others Should I add-on these coverages:Water Backup or Sump Pump Overflow (This provides coverage for non-flood-related water back-ups through sewer lines and drains, and overflow from sump pumps (machines used to remove water from the foundation or basement of a home).)Slab or Foundation (This provides up to $15,000 for damage to the slab or foundation of your home if the damage is caused by accidental discharge or leakage of water or steam (including constant or repeated seepage) from within a plumbing system or household appliance.

There is a neighborhood revitalization programs via the city of Cincinnati that you can apply for help in which the city will demo a home that is beyond repair if you can submit a plan to rebuild SFH or multi-family which would improve the neighborhood.

If the property is damaged, and you go to rebuild, many time the building is not up to code. 

do i have to rebuild everything .. am i just buying the land?

rebuilding my savings to purchase 3rd house.  

,,,,lolJosh excellent questionThe simple reason a good plumber wants to replace or upgrade a fixture are numerous1 Usually in a home of any age the original fixtures have the daylights beat out of them,,plumbing works 24/7 like a steamship,,constantly under pressure ,,the darn thing usually needs to be changed out.You are providing something of value that will insure years of trouble free service2 In most cases the time invested in "fixing or rebuilding" a plumbing fixture is better invested in removing and replacing the same or better grade fixture.Why fix "junk" or replace "junk with junk" right?

We just need to cut our gov't spending significantly, cut corporate rates and close loopholes, effect a stimulus focuse don rebuilding Americ'as infrastructure and fund projects leading energy and water efficiency/independence.