My answer is going to sound like I'm being a smart aleck, but I own real estate in the United States, Japan, Hong Kong, China, United Kingdom, Australia, Singapore, Sweden, Canada, and Germany.

A split use property where the investment allocation is $500K and the primary side is $500K would be a perfect replacement.2.

That sounds scary for investors in that area.

The roof and two skylights were replaced before closing.

@John Semanchuk I realize my statement sounded arrogant, I have taken the 60 hr class before. 

Another option is to ask your insurance company what the replacement costs would be as they have all that data as well and use it for underwriting policies. 

I could use a little help and motivation with keeping on track as well since this is a side venture and is not replacing my main source of income at the moment. :)If you are interested, PM me and I'll share my contact info. 

First of all when we opened up a lot of walls we noticed there was a lot of water damage and we had to replace a lot of rotten wood along with all new insulation on exterior walls and a lot more sheet rock then we anticipated.

I'm going to make analyzing 1 deal per day a goal - that sounds like a great way to learn.

Sounds like the purchaser may need to bring in an equity partner to bridge the gap.Anything other than first position debt is extremely expensive.