Refinance of Airbnb

[Christopher Cornett]

Hello All - We bought our first Airbnb in November last year. I have 5 other long term rentals, this is my first short term. It is a lake front property on High Rock Lake in Lexington, NC with dock and direct water access. There was an error by my insurance agent on the cost of insurance the day before closing it was discovered the property was in a severe flood zone even though the lake is controlled by a dam and my insurance quadrupled unexpectedly. Because I only put 10% down on a second home in this scenario I have PMI on the house too. My payment is $2,157 when originally I had planned for about $1,750. It is still expected to cash flow in season but I would like to get the payment down. Any refinance suggestions or ideas on using private lending so I don't have to have flood insurance? Thanks in advance!