I had no idea what I was doing and figured hey.... zero down, let's get a few more! 

You can try calling a few of them and see where the figures line up. 

If we could figure out a way to invest in those, we’d all be super rich.  

I figured if the applicant could get break out prison, he'd find a way out of the lease and it was an easy denial....

Or, when that tenant calls and says they can't figure out how to unlock the stove control panel.....

First off like Mary said, you need to figure out which strategy you are going to use.

I am sure the seller figured if you could come up with $400K and with the property to secure the loan, that the risk was low.

If you have trouble figuring out how to do insurance call me.

First figure out how long the fence -- that is a fence, right?

If you paid $54k cash and your insurance covers $94k in replacement value, you *should* be able to collect the $94k as well as the $8k in lost rental income and either rebuild or simply sell as is and let the Market figure out how much it is worth.