I’d love to hear how other landlords have navigated this situation and what worked for you.Looking forward to your insights!

My recollection is (and insurance experts on BP can correct me if my memory is wrong), but most insurers will only pay "replacement cost"  policy limits, if you actually replace the damaged property.

Thanks for the insight!

Thank you so much for your insight, I will look at the BP book catalog and read through them!

The 38109 house is in a tougher area.....I would get some advice from local experts on this one.

It's tough to give a definitive answer without knowing your specific investment goals (cash flow, appreciation, etc.) and preferred strategies (BRRRR, wholesaling, etc.).However, since I'm a Cleveland native and active in the real estate market here, I can offer some insights on why Cleveland could be a good fit:Affordability: Compared to many other major metros, Cleveland offers a relatively low barrier to entry.

This deal showcased our streamlined process and Erika's keen market insights, resulting in a swift transaction and a substantial profit.

So multiple eyes and local expert providing local cost and input on lifespan.Here is an example that has a part that is more expensive in my market than other markets (unlike most parts that are the same everywhere, so in this case your cost should be significantly less due to both cheaper part and cheaper labor): $1600 40 gal water heater installed (this is good price for a plumber, a little high for a handyman) with expected life of 12 years (i have some that go 20 years and some that die in less that 10 years (mostly rheem die in less than 10 years), 12 years is fair life expectation

I’m also open to hearing about any recent experiences or success stories you’ve had with off-market deals in these areas.Looking forward to your insights and advice!

Quote from @Austin Jones: As a realtor focused on helping investors in the Richmond area, I’d love to offer some insights.