I can't imagine having to try and rebuild that stock.

Teri - Try this link:http://www.biggerpockets.com/topics/monitoredIt is found in your dashboard and shows the threads that you follow that have been updated most recently.On our rebuild of the forums (happening now), this page will be easier to find on the various forum pages.

An apprialsal for an insurance company might be weighted toward the cost approach, the cost to rebuild the improvements.

I am re-building my websites right now to incorporate a word press so I can blog to generate more traffic.

I'm guessing, if I had to start over again, I would only be able to do 2 a year given the financing constraint.So, yes, I could rebuild to where I'm at fairly easily and would probably have a MUCH NICER portfolio overall (i.e. better product, better areas).

Rural areas are toughI don't know where Medina is but I would move toward getting a very simple residence at a populated area.With negative credit you can always make more money by doing creative transactions like subject to and lease optionsUsually it  takes some money whether it's Wholesaling or seller financing to market so I would look at getting a business partner that can help you with some capital like $10,000Look at real estate investing clubs or associationsBut Real Estate Investing is not going to save you from basic bills, so find a way to create some income to keep you goingYou need to have a strong credit rating down the road so work on getting a secured Visa after the bankruptcy and rebuild your historyI hope this is helped you

I know these be total gut rebuilds. 

Please let me know your thoughts/experience on if I should go cheap to save more money each month and only have a chunk of money to rebuild with if it were to burn down, go expensive so that if anything were to happen, I would have a much nicer house rebuilt, or keep shopping around for something closer to what I want on coverage?

I'm wondering if you can use a HELOC to do a complete tear down and rebuild. 

You aren't going to rebuild a new building, most of the time.I also set my deductible for 5k.