They're going to ride out the year lease.

I ride my bike down different streets every weekend and write down the addresses of distressed homes. we run the titles and see if theres any juicy info. even if I don't get anyt great info back its the process of thinking this way that will hep in the end. if your hungry enough you will find a way. when I was stuck I simply went outside and looked at all the houses in my neighborhood . started paying attention to what was selling and what was sitting.

Turn it over to your lawyer to handle and ride it out.

If someone let you ride along on one of their deals would you feel confident using some of your equity, 401k on the next one? 

But he somehow manages to ride his bike around the neighborhood and buy fast food at several places.

I would take a ride down and see exactly where the neighborhood is divided. 

The biggest thing to consider in hurricane risk management areas such as Baton Rouge is your wind and hail (W&H) deductible, this can also be called a hurricane deductible/named storm or tropical cyclone deductible.

I originally hail from Riverside and spent some time running around Horsetown USA as a youth.

Then ride the appreciation train to give you equity to pull out and invest with cash elsewhere. 

If you have a PM, they run it, it kick off some cash, it’s paid off, etc. then I’d just let it ride.