Having someone local gives you better insight into the market, and they can handle things like inspections or tenant relations while you're away.

Also, ensure they know about the Stop Work order and have a plan for handling it.Negotiate with Your Lender: If you're stuck financially, reach out to your hard money lender ASAP.

You'll likely want to talk with a real estate attorney and the local county office or court that handles the process to get a good picture, but here are some things to think about:1. 

A financial person to help you handle your books?

How do I go about handling this situation?

I know there are a ton of features I don't utilize personally, I mostly use it just for tenant application and screening process, and then for rent and fee collection In my personal experience here's my pros and consPros•Had a template for screening questions on the application so I didn't have to think of things to ask myself•Handles rent collection easily and for only a $1 fee to my tenants for ACH transfer which makes it easy for both parties•I can set up all rent and fees at the beginning of a lease term so it's set it and forget it for me•My tenants have said setting up auto-pay was easy and I like to make it as easy as possible for them to pay me!

I pictured a management company that handled rent collection, cleaning service, etc..

Aside from the obvious dangers, I’m seeking best practices and how experienced investors  in this area handle hurricane damage?

I think it goes back to your original statement  each state and then each county can have different rules for how they handle these funds.I know Oregon likes to gobble them.. 

Hi Fergus,If you can handle the workload thats going to come with building the two duplex's, I say go for it.If your going to be biting off more than you can chew, liquidate.It really depends on your risk tolerance at this point.The construction loan is a doable deal as long as you have solid credit, have experience /hire a builder.