if you have a total loss, do you want to have enough money to rebuild the properties, or do you want enough money to get your investment out (market value) and live to fight another day?

What is the best way to approach getting the water out, doing the demo on the walls & flooring, cleaning the mold, and rebuilding the basement? 

In other words, has there been any special assessments (SAs)for landscape redesign, pool rebuild, roof replacements etc?  

If there's anyway you can maybe rehab it up and maybe do some additions, you might be better off than rebuilding from the ground up due to the costs and time involved in that.  

Either option is good, but I would suggest if you do not have the cash upfront to pay off the second, or a least a lot of the cash, I would sell the property take the cash after the sale and fees and then look to rebuild a downpayment for the next investment.

What was the cost to rebuild when it burned down?

What's the first thing you do to rebuild your real estate success? 

After talking to the realtor and a contractor it would be roughly 500k to purchase and rebuild, comps in the area show the house should sell for at least 700k new.

My condo building policy only covers items studs in, so they will rebuild the structure around my condo, but I will be responsible for electrical wiring, kitchen, bathroom, drywall - everything from a blank slate.

I'm rebuilding part of the basement right now because of a mold problem which was mostly the tenant's negligence.