In the meantime I am rebuilding my credit and saving my pennies to have a down payment ready to go.

Instead of rebuilding the property I would just buy another.

@Anson Young When asked why Donald Trump was able to get a 40-year tax abatement for rebuilding a crumpling building - he responded with "because I didn't ask for 50".  

My concern is to ensure I can rebuild if the sucker burns to the ground.  

I have some questions to ask, my credit is not in a good shape should I start off rebuilding my credit before doing any type of business?

@Alexander Felice Thank you Bro for the info,Im rebuilding my credit right now as we speak.

One is how much you have invested in the property and if you would forgo the expense to rebuild the property if it. 

The money that is being raised is it going only for first response or is it going towards rebuilding?

Low / no equity homeowners will walk from their properties and focus on rebuilding their lives as renters for the next 2 years.

My insurance Agent gave me two options to ensure my Duplex:1) Replacement Cost - if building is damaged the company buys the cost to replace the item including current labor and material cost - for example, if a fire occurs and kitchen is damaged and to fix it cost is $10,000 the company would pay the $10,000 less your deductible - if you want REPLACEMENT COST coverage you need to insure the building for what it would cost to rebuild the building from ground up based on today's price for labor and materials - Company replacement cost estimator shows it would take $328,000 to build the build like it is2) Actual Cash Value - this is similar to MARKET VALUE or Replacement Cost less Depreciation for age - for example, kitchen fire again and to REPLACE the cost is $10,000, however if you have Actual Cash Value coverage company would depreciate for the age and may reduce claim with 30% depreciation, so payment would be $10,000 less $3,000 depreciation leaving payment of $7,000 less deductibleCan you tell me what type of insurance you have?