You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

Notice I say advertised and not going for because next, you will want to see how long these properties have been on the market and if they have decreased their rental asking amount.

Yes  I think the best move here is to asses your total monthly debt and see if a cash out refi will help decrease the total interest and monthly debt obligation.

A new owner with more capital can easily come in and decrease vacancy rates and increase supply to realize a 2-3x revenue.

Real Estate values, nationally, have never decreased over any 10 years. https://fred.stlouisfed.org/series/MSPUSFocus on optimizing active income first.

And lastly, I search FunishedFinder listings nearby, find comparable properties, and track the listed rent for a few months (does it increase, decrease?).

There are times when the market increases or decreases rapidly.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

With hurricane season now over and the house would (hopefully) be sold well before the next one I am curious if anyone has any seen any change/decrease in sales with areas that have flooded recently?

You'll have to read the details in your PPM and Capital Call notice but generally you send in more money to maintain or decrease, but never increase, your original position, It's not like putting money into a losing stock where you now own more of the company for a lower average price.You're far from the only person this has happened to.