The prices were suppressed prior to the hurricane as you probably know.

But the multiple deliveries of new MF in the area caused a temporary spike to 10.3% that was then suppressed back down to 8% by what I would assume was the direct cause of the floods.

You’ll need lenders that have an appetite for fixers if you are doing light rehabs.  

Once I get a better sense of their appetite for risk I will probably reach out to lenders to see what's possible in the different scenarios.I'm not sure how to reconcile the difference between cash flow and appreciation right now, but if they are about to retire cash flow might be an appealing idea.

After my first condo purchase/rental, my appetite for RE Investments has grown considerably.  6months ago I bought my first 3 family from a rehab/flip someone else did as a buy/hold for myself.  

Atchison tends to be a bit further out geographically for our appetite, but we monitor it from a higher level for low cap investment indicators in case needed.   

There's a VORACIOUS appetite for these loans.  

BRRRR is common in commercial and your existing lender will need more of an appetite for a refinance if they know that they are going to loose the loan.Fannie, Freddie, and some local/regional banks actually have a supplemental loan feature that facilitates a BRRRR...the original loan stays in place and you get a supplemental loan when the property has been re-positioned, rents raised, and stabilized.There are also construction/perm loans where rehab is financed during the IO construction period and then the loan starts amortizing later. 

We had a mandate that required all new residential homes in my town to be built with fire suppression sprinkler systems.

Its all about your appetite for risk and your goals.