Another story for another day Strategically, we thought about fire risk in 3 ways1) Catastrophic scenario where the house actually burns down: it can take years to obtain permits and actually rebuild a home, plus demand in the area could suffer long-term if the entire area burned, so we agreed we should insure at an amount we could walk away and feel good about it.

The stock market, real estate, and the rest of life can crash around you but it's your knowledge, development, and mindset that help you handle it and can build or rebuild anything.

It really depends on the property value and coverage options; if you want to rebuild the property if it were to burn down, it’ll cost more than just getting back what you put into it.At this point, all I do is insurance for RE investors.

I’ll need some time to rebuild my credit, build relationships with lenders/re investors, grow financial iq, and increase my income through other ventures.I’d like to end up living in a tiny home on a few acres that I own, growing my groceries and possibly hemp!

This year we included some goals/plans for our primary residence (turn basement into apartment, rebuild decks, design and build front porch), some personal goals (establish and maintain a healthy eating plan, go to the gym at least twice per week, read and discuss 6 books, one book is to be chosen by our partner), and business goals (find an accountant, analyze present loans and refinance if it makes sense, add 20 doors to our portfolio).

Second, living outside of the US for almost 9 years means our credit was dormant and it took a year to rebuild it.We used the proceeds from our home sale to fund the first 2 properties we are doing.

Sometimes owners are willing to finance for a year or two while a potential new owner or lease option buyer is put into place while they build or rebuild their credit.

Someone in charge up there has iron hands that simply pound red tapes and politics to rebuild better ones.

Cost a lot to rebuild.  

If you have long term open states and closed states, people will rebuild elsewhere.