Part of the impact is my credit was shot and I am rebuilding it.

Hi Canesha,Your question regarding whether to rebuild ground up or renovate is a highest and best use decision.

In Santa Rosa, CA they are using ~$330 a square foot for mid-priced homes (300-500k) and a 2.5 million dollar home like that it is at $500 per square foot to rebuild after the fires.   

Forwarded message:Hello Joshua,My name is Chace Marigny and I was hoping you can help point me in the right direction(s) as to eliminate any errors as I go about helping turn my mother's recently flooded inner city Lo...

My recent property took my capital down quite a bit though, so I’ve gotta come up with a plan to rebuild that capital.

Hello, I was wondering if someone had any recommendations for a good general contractor for demolishing a brick stoop and rebuilding a concrete stoop in its place in the Northern Suburbs (Wilmette specifically). 

Hello,I was wondering if someone had any recommendations for a good general contractor for demolishing a brick stoop and rebuilding a concrete stoop in its place in the Northern Suburbs (Wilmette specifically).

On top of that, what if all of a sudden you need a new roof, or windows, or a sewer line, or the irrigation system freezes, leaks and floods the basement, or a fire guts the place and your insurance only covers some of the vacancy/rebuild costs, or a flood washes it away and you didn't have flood insurance, or your tenant stops paying and their estranged lover/stiffed drug dealer breaks in and destroys the place, or any one of a myriad possible bad things happens because you have an investment that hinges upon human behavior, and therefor needs constant baby sitting, and 5 years of your glorious $500/month is wiped out in one afternoon, and the bank takes the property?

Bad things happen to Good people everyday, I offer practical experience credit advice to those who want to listen, I had one renter that rented from me for 4 years, rebuilding her credit, She had me fill out forms for financial institutions about her rental history, last fall she Qualified for her first home , I couldn't have been happier for her.

It even talks about building codes and permits.Even though your not building a house, rehabbing is mostly just tearing out the old to re-build.