With my tenant being responsible for the damages, is there any reason to involve my insurance?

Quote from @David Robertson: Kiara provided a great summary of the major phases of a rehab.  ...Here's an example of a typical rehab project that starts with the Exterior Work, I like the Gantt chart idea and wonder if there is a good reason for the order of:1. site cleaned right after exterior paint instead of way at end2. bathroom tiled before paint, now it can get damaged with paint3.how can you guarantee 2 weeks from cabinet measure to install?

With my tenant being responsible for the damages, is there any reason to involve my insurance?

When drafting your notice, consider including the following elements to ensure everything is clear and understood by the tenant:**Reminder of Lease Terms**: Begin by referencing the specific clause in your lease agreement that permits you to issue a 30-day notice.

You must ensure that your lease clearly states that all damages caused by the tenant will be charged to them.

To me, these third-party damage protection options shift the power over the money away from the owner.

The numbers could work, especially if you can reposition to MTR and increase cash flow, but the success of this deal hinges on having a reliable, local contractor who can handle a fire-damaged property.

We have a deposit disposition sheet we go through when a tenant moves out in order to assess damages.

Quote from @Clayton Silva: Every element of a mortgage is a risk calculation to the bank. 

In my opinion way more than just the area that was damaged from the fire.They are currently asking 60k for the building (which is just under half the price from what it last sold for).