Trying to understand the construction loan / rebuild process some more. 

Everybody wants to live where the action is and are willing to pay premiums, have roommates , work remote & 4 jobs to do it.If you want to be able to manage appropriately you need to be more positioned to weather downfalls(less positions that could be wiped out), keep up with expenses(less capex), and the bet isn't on volume of locations x cash flow it's on quality of location(parcel of land + cost to rebuild) x time.

I don't value real estate by necessarily the cash flow it generates(I do mitigate how badly exposed it is), but I value it off the cost to rebuild + quality of parcel of land.

AbsolutelyBut can I do ALL of that and still re-design and rebuild that house that represents my brand within the margin I need to maintain in order to grow my business???

Actual cash value policies are cheaper for a reason.A good thread on it here: https://www.biggerpockets.com/forums/52/topics/697719-should-i-insure-my-rental-for-its-rebuild-cost-or-market-value

Thankfully I have been rebuilding houses for more than 17 years.

That being said, if it's not disturbed, you don't need to worry about it (but this will add to the demo costs when you gut / rebuild.

Also most policies don’t have enough loss of use coverage to cover you the amount of time it would take to rebuild.

One needs a major rehab versus rebuild 9017 Belcrest Drive.

Many of the sfh are in areas that would cost 200k to rebuild but then would be worth 75k, so I thought acv made sense on those.