I want a shelter with acres of property for all types of rescued animals and I would love to travel the world with all the generated income from real estate to help rebuild communities and rescue animals! 

It is unlikely that you will try to rebuild a building in south city.

I toured the property and it needs a full gut and rebuild.

If we experience severe inflation, you will be able to pass variable costs to the NNN tenant (reducing cash flow risk) and you will own an asset that costs more to re-build. 

It's unfinished with an abandoned bathroom that will require a full rebuild.

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

My market is a tourist location and has a median home sale price of $675KListing I’m analyzing:SFH 2/1 1044 sq ft build in 1905List price $590000KARV Seller says $789K but I will list comps belowRehab per seller $95KRents in area are around $3K/moClose Downtown so could possibly AirBnBThe seller is offering seller financing at $40K down and carry the balance at 10% interest only for 18 months.The inspection-My major concern*-Foundation cracking at entry stairway-Detached garage needs complete tear down and rebuild-Foundation cracking/moving in walls in crawlspace.

So between the 2 of them there are 8 accounts in collections, they said they’re “trying to rebuild their credit” but the most recent late payment on a debt was THIS MONTH!  

There are 3 ways to value - The Cost Approach (Basically the cost to rebuild) The Sales Comparison (Comps) and the Income Approach (Valuing based on the income) Hope this is helpful.

Due only to this one provision, lenders won't lend as their collateral in rebuilding is compromised.