I have heard on podcasts of people rebuilding houses but I think those buyers are more rare.

We got an estimate to rebuild and it was $15K that we don't want to spend out-of-pocket.SHOULD WE:-Look into FHA203Ks to buy the house and fix the stairs?

My goal is to learn how to develop on existing property (maybe buying very old single home and knock it down to rebuild into several condo/townhouses).

Generally the only issue you might run into is if you have to rebuild at some point.

Purchase price: $760,000 Cash invested: $ ###,### (a substantial amount) Sale price: $1,640,000This is a typical project of a Full Gut Re-Build SFR (current pace is modest: 4 per year). https://www.redfin.com/CA/San-...

I've done several fire rebuilds and even more rehabs of old (pre-1900) houses and this sounds like a pretty big job, Kirk.  

Also includes pump and sewer backup $428, 000 rebuild value $500,000 Liability $42,000 Rental income loss (upto)

Gutting that one down to the studs and completely rebuilding it - new drywall, windows, insulation and all - first time I've completed something so major - about at the halfway point and excited to see it when it's done - near Central and oliver.

Some of these cities are rebuilding, eg bringing a lot of new industries into the city.

We have insurance but the rebuild is taking quite a bit of our time.