If the burned out property is a Walmart and they're in the process of rebuilding then yes.

At this price point it makes sense to do a tear down & rebuild.  

Then you can't rebuild.

So when my husband and I were looking for property, we ended up purchasing a house from 1740 that needed a complete rebuild of the second story.

It's "grandfathered" in and allowed to exist...hence the "legal non-conforming" but if it was ever destroyed, one would not be allowed to rebuild the back single family home.

Can this be done in a way to minimize hassle to shoppers or is a complete rebuild more usual?

Hello BP,I am doing some prelim work on purchasing a foreclosure prop in Grapevine Texas Historic District but this would require an almost complete rebuild.

Hi Everyone, I've been doing my due diligence in getting ready to start flipping houses and doing rentals...but I've come across an opportunity to buy numerous foreclosed homes over time that are sitting on land that ...

I want it to rebuild my home, cover my lost income if I die, pay the hospital if I have a heart attack, etc.

They need to increase a rental appeal of the property and its income potential, and such increase should be proportional to the expense.For example, if you spend $25k to rebuild a bathroom, and it warrants a $100 rent increase, it would take 20 years or more to just recoup the cost.