We need to pay a cleanup crew anyways, let's help those in need firstWe treated the affected people with dignity and respect and just talked to them like normal peopleNo placing any blame, just focused on solutions and doing the best to help everyone involvedWe are going to assist them further by providing essential needs (socks, underwear, sneakers, shirts)We put our best foot forward with city official more than happy to see our creative solution to this hard situationGood to have friends and build relationships with city hall for later situations that may ariseAll good will goes to our landlord client for cooperation and providing a professional solutionThis absolutely could have been a lot worse if we did not handle this properlyNow, when our name rolls across the desks at city hall, they know we are the "good guys"The Board of Health and Police Department are going to be happy to work with us on any future issuesWe will see how all of this rolls out in a few days on this coming Friday.

I had a small house with three floor joists that had several foot sections eaten up and also damage to the corner of a room inside the wall and around the sill plate.  

This deal was my foot in the door to real estate investing.

Especially once they build some bike paths and a foot bridge. 

But if you're serious about getting into RE, find a job in RE, work as a RE agent, for a property manager, for a house flipper, for an institutional wholesaler, anywhere you can get your foot in the door and learn everything you can. 

What I would do is take a look at the cost per square foot of new similar type construction, to get an idea as to what the true cost to rebuild would be, if the property were to burn down completely and you had to rebuild.

Loveland has a better value per square foot that Fort Collins, Boulder, Longmont.

I thought there was a rule about 7 foot ceilings? 

Start learning your local costs per square foot for the big stuff and build relationships with some skilled tradesmen that you can put questions out to

My Cosby cabins don't do as much, but they don't cost as much either.  2400 square foot 3/2 cabin on 3 acres on Cosby Creek:  $42K-ish a year1100 square foot 2/2 cabin on an acre on Cosby Creek: $33K-ish a year700 square foot 1/1 cabin on an acre on Cosby Creek:  $25K-ish a year1400 square foot 2/2 cabin on Roaring Fork in Gatlinburg:  $60K+ per year900 square foot 1/1/loft in Black Bear Falls Gatlinburg:  $38K-ish1100 square foot 1/1/loft in Pigeon Forge:  $35K-ishThe 1400 square foot cabin in Gatlinburg is a premium cabin so it's going to command a lot more.