The plan is to put a larger downpay to minimize cash outflow per month and hold it for 5-10 years for it to at least double the value so I can rebuild or sell to a builder.

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

The purchase at 25% and closing costs uses up my disposable funds but I don’t need to tap into any retirement accounts, I also have enough to cover anything major if it occurs prior to rebuilding my investment funds (although hopefully it won’t come to that)

RC is the cost to rebuild the structure with the same kind and quality.

I think one of your main targets should be the Vollintine-Evergreen area, which will have great prices, solid tenant pool and is seeing a lot of community rebuilding efforts.

I wanted to rebuild my safety net funds.

Back home I knew everybody, the good attorneys, CPAs, escrow/title, subcontractors, rehab pricing...and now I have to basically rebuild a 16 year investment team/career from ground zero.

That may be insurance fraud if they do that, the insurance company is paying them to rebuild, I'm no expert but I'd make sure this is allowed before just doing it.

I got a 3-Flat foreclosure that I'm in the process of rehabbing / rebuilding.

In some areas, in the event of a total disaster that wipes out the structure(s), the re-build would have to be conforming; so the rebuild might have restrictions to consider.