If you could furnish the rooms, I'd say that is best bet for cash flow.

Do you need or want monthly cashflow, tax write-offs, betting on appreciation,....   

But, I bet-ya it's also effective.  

Moving forward scaling with hard money loans may be the best bet and would avoid the headaches of living in a construction project. 

You might have to dig into off-market deals, though, since inventory is tight.Multi-Family: Always a safe bet if you can snag a good deal.

Well the bet I'm making here is that CapEx and repairs will be very low the first few years (honestly event he first decade), and once all the construction ends I will be able to increase my rent closer to market rent at $2k which will give me a better cushion.

As a developer what plans and developments do you have in progress?   

Statistically, I would bet that many of these properties could be at risk from a similar event before the reconstruction could even be completed.What is the new premium on a $5-10-20M insurance policy and how could it ever be recuperated during the life of the policy or length of the average 30 year loan? 

You might also consider creative strategies, such as renting parts of the property to cover expenses while you navigate the process.Best of luck, and I’d love to hear how things progress.

DSCR Cashout is your best bet!