The lady refused to talk specifics [because I am not the mortgage holder] but she said that the property has 300,000 in mortgages.

The early holders, who got educated, believed, and remained a strong hands through the volatility, will benefit massively. 

This is why agency loans have more restrictive yield maintenance, and defeasance prepayment penalties (they don't want you to immediately jump ship, and leave the mortgage bond holders handing).

A “sort of” competitor of mine who ran a small private lending fund was always operating in a fiduciary way vis a vi his investor’s capital.

Thus, leaving $60,000 available for the note holder to claim.I did not sell the note to Ben (who offered me $30k for it which again another red flag).

The time depends on lease length and how long they've been living there.I would also recommend reaching out to their caseworker (if they have one) to let them know the lease will not be renewed.Section 8 voucher holders are incentivized to vacate quickly in order to keep their voucher and avoid having to pay full-market rent out of pocket elsewhere.Hope this helps!

Hey Olu,As a long term holder in the DMV area, I would lean towards cashing out to a % of comfortable cashflow and moving on to expanding your portfolio.

A thought that maybe someone can clarify for me...When this house sells, which will for a huge loss, but then the ENO insurance comes through for a payout, does the check come to me or does it go to the lien holder at the time of the fire??  

Quote from @Simon Ashbaugh: Hey Anna, Cleveland actually has a strong Section 8 market with high demand from voucher holders.

We took this disaster personally as we love Asheville and have visited many times.When there's an official presidential disaster declaration (there was), flood insurance policy holders should apply for FEMA assistance in addition to their flood insurance claim.