(was lakefront and he could rebuild the space if he did it this way-this was NY). 

Before i start this discussion, just let say that Louisiana will always bounce back and rebuild bigger and better than ever!

I plan to do most if not all of the work on my flips/rebuilds myself. 

Property InformationPurchased for $68,000 (maybe worth $72K)1790 sqft duplex built in 1972Both units are 2 bed / 1 bathExterior: mostly brick veneer with a bit of vinyl sidingFlooring: tile in bathrooms, cheap laminate everywhere elseWalls: 1970's wood pannel throughout, but mostly tiled walls in bathroomRoof: shingle (not sure of the type), inspection said the roof is on the "second half of its life"Foundation: crawl-spaceInsurance Quote (if I lower the dwelling coverage)Calculated Rebuild Cost: $201,000Dwelling Coverage: $153,000 (I lowered it as much as possible)Personal Belongings: $2,500Other Structures: $15,300 (can't change)Personal Liability (each occurrence): $300,000Medical Payments to Others: $5,000Deductible: Other Covered Perils / Wind and Hail: $2,500 / $2,500Annual Premium: $472.55Insurance Quote (if I don't lower the dwelling coverage)Calculated Rebuild Cost: $201,000Dwelling Coverage: $201,000 (didn't lower it here)Personal Belongings: $2,500Other Structures: $15,300 (can't change)Personal Liability (each occurrence): $300,000Medical Payments to Others: $5,000Deductible: Other Covered Perils / Wind and Hail: $2,500 / $2,500Annual Premium: $587.36

May be wise to work on rebuilding your credit until you can get traditional financing.

For every $5 spent rehabbing or rebuilding you get $1 off the nuisance and demo liens.

.- How to use use “cost to rebuild” to predict the future of your market.- Why Arthur and his wife sold their primary residence to live in an apartment while buying rental property.- The “super creative way” to find flexible lenders.- How to find “Portfolio loans.”- A great way to legally get around the “10 loan” limit for mortgages.- Why investing while holding a job gives you an advantage.- Tips for finding a great property manager.- The story of a topless 90 year old woman that finally convinced Arthur to hire a property manager.Check it out and listen to the show directly at: BP Podcast 006: Investing While Holding a Full Time JobAlso, we've now got 100 5-Star reviews for the show in iTunes!

The third R is rebuild.  

Mark would be your best choice, he would learn the 203k process and help rebuild a great home.

I grew up working in my father's general construction company doing everything from simple bathroom remodels to full rebuilds.