But like said, chase and other banks are starting to cut back on letting anyone put cash into an account.Depending how your set up, this could work?

"Just trust me" doesn't cut it. 

It doesn’t sound like you are cut out to be a landlord for this property.

Dry wall isn't a big deal but it can get real expensive if you have to start cutting out joists and studs and repairing them.

To answer Brian's question, I believe you just want to cut your losses and recover some of your cash and possibly pay back borrowed money.Assuming my hunch is correct, you just claim your losses, and there is no tax issue.If you do have a taxable gain after selling this property, you will not have adverse tax consequences, either.

“House - hacking” is what everyone says hat they’d do first if they could start over again, so ... you’re onto something - but there’s no short cuts - one foot in front of the other - study up and best of luck.

@Shawn WardSo you just cut them a check at the end of the flip?

It will be worth it in the long run but it’s a lot of red tape to cut through.

You can try to borrow from friends and family and cut them in on deal.

The folks who had it the worst were the ones who's houses weren't damaged, but were cut off by flows that covered the roads.