So thank you.

@Jacob Flaxman, I am not familiar with this market, so take what I have to say as more of a general comment.My first thought is $250k to build a two story, two bed "house" will cost more than $250k. 

I am in Tampa Florida so the investment market is huge here for both as well. 

But other than that, no damage or wearing out of stuff so far after 8 years.

This is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

New construction is so much easier than remodeling!

I am so happy for you for jumping in and snagging foreclosures.

So that’s what I did.

Quote from @Joel Bechtel: The agent I spoke with has about 30 years of insurance experience, so I’d hope she knows what she’s talking about and what she’s offering.I have another policy with Allstate for my 6-unit property, which they were able to insure for approximately $890K because the replacement cost came in under $1M.

This is a great place to learn and to connect with people so take advantage of all the great resources.