I have heard the 16% solution mentioned. 

It's growing like crazy!

It’s temporarily lost its shine because of the slow down in transactions.

Ideological bromides are not solutions, Jim.

Do you like it.

It did ok the first couple of months but since then there have been no leads at all. 

Earlier this month, Lemonade was still quoting renters.Has the tenant tried getting it from the same company they insure their car with? 

I realize it's just an example and my comment is a generalization but just something to be aware of.With regards to the original question, I think it comes down more to what you want to do and what the offer is for walking away vs. rebuilding.That is the exact example a public insurance adjuster used when speaking to a local investor group a few years ago.

The best advice I can give you for studying for you license is to voice record yourself reading questions and answers on notes cards.

Just want to mention that sometimes it works out better to raze an existing property down to like 2 studs and rebuild around it so that it still is classified as a remodel versus a complete new build.