I think it's a good strategy to shoot for value add.  

I like your strategy of AirBB’ing the rooms.

Insurance being canceled due to the area and finding insurance for it.

The bank also commits insurance fraud when it collects on the default swaps, not to mention the free properties through fraudulent foreclosures, which automatically violates their REMIC status.

DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

I am still trying to figure out my buy box, but long term rentals feels like the right strategy for us.   

Calculating these losses involves documenting the fair market value of the property before and after the disaster, adjusted for any insurance or other reimbursements.

My family actually have some properties in FL, and I have also researched this area quite a bit and I saw it might fit my strategies. 

With $50k, you likely have enough to get started, especially if you target lower-cost markets or use a strategy like house hacking.

Your best bet would be to find a portfolio lender whose niche aligns with your investment strategy.