. . .1) a 60 year old house in dated but reasonably good condition is purchased for 75K2) the insurance agent's system determines that the correct replacement cost value for that square footage in that location is 190K3) it's insured for 190K, but with Actual Cash Value coverageWhat amount might be paid by the insurance company if it was a total loss shortly after it was purchased?

No cleaning/sterilizing of that area took place afterwards.

I can get details from my brother in law, but if I remember correct if you live for a number of years you get about 60k in free money...

You'll need to determine exactly what it is and plug in the correct number;3.

Is this another bubble, or just a very vigorous correction?

@Michael Power Filipe is correct.

I also read that some rules changed and now the PMI can NEVER be removed (even after 80% LTV is reached)Is this correct?...

I wanted to make sure I get the process correctly prior to purchasing a mobile home.

Hey John, (think I'm responding to the correct post)Thanks for the encouragement.

Now when you speak of cashflow, you mean you taking the house, and renting it out to tennants, correct?