It might have been bound but many insurance companies have put those new policies on hold if the purchase has not happened due to the disaster and letting the mortgagee(lender) know that the policy is on hold.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

My feedback based on what I would do is hold the house. 

Curious the groups thoughts 4 years later and the following scenario.A $51k loan at 8.125% with stock holdings that might be volatile next fewer years (big tech & big oil).

P.S. also reach out to experienced real estate agents that cater to buy and hold investors and let them know of your intentions and availability.

Investors buying land to HOLD for either speculation or future development can just wait until the wholesaler’s contract with the seller expires and eliminate the wholesaler “markup”.  

Less than an hours work, everything online approved within a few days.I recently decided to stretch myself a bit and start putting my holdings into series LLCs. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

In moderate- or low-resource areas, developers also need to hold a public meeting within 45 days to gather feedback.

I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.