I bought in the high $200s, spent ~$85 gutting and rebuilding it, and am sitting on a $1793/month mortgage (tax & insurance included in the mortgage).

I've done one Live and Flip but a recent divorce means I'm rebuilding my life at 42.

If the unit burns down, I will have to pay to rebuild out of my pocket.

Kitchen/Dining room looks great though and house is located on an amazing, quiet, family friendly block near center of town + has great back yard with deck (needs rebuild) & detached workshop/artists' studio (has elec, needs insulation & new floor).

@Amit Friedlander  basic things to look out for when dealing with old houses in my area:-asbestos wrap/tile (some old houses have asbestos in the plaster, ceiling and floor tiles) -foundation / grading (look for cracks in the foundation and low spots in the yard that could cause water penetration)  My neighbor has to rebuild one of their basement walls (huge expense)   -up-to-date capital expense items (hvac, plumbing, electrical, roof, siding etc.)Akron area:Since I have worked here (2012 - present), it does look like they are making some gradual improvements - a lot of construction going on which can be a good sign of growth.  

It would take into consideration the cost to rebuild / replace the structure today, but then subtract the depreciation of your building and then add in the land value.An appraiser should be able to provide such an approach for you.

Have you focused on rebuilding capital, improving the properties, or investing further?

If I rent a backhoe, how expensive is it to have a plumber come in a re-build it beside the existing field?

We would just replace, not rebuild.

Here is a link to her page:http://www.youcaring.com/help-a-neighbor/help-rebuild-sara-after-house-fire/39856You can look it up on www.9news.com-