Most desirable areas in Tampa Bay are in AE or higher risk flood zones and generally sell for a premium for a comparable home placed elsewhere - all else equal . 

Now, I hire experienced asset managers to buy, manage and eventually sell the assets.  

I have debated about moving a house onto the property and either selling or renting the property or subdividing the property with multiple homes or even several tiny homes.

It sounds like Aloha Capital is selling “shares” which are not secured by real estate and would be considered “unsecured loans.”

She owns and sells tons of STR's there. 

Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them. 

And it depends on what you do next - rebuild or sell as is or some other plan. 

There are a ton of complexities with properly repairing a fire damaged house....they sell really cheap for a reason.

Give them all a call and see if they are willing to sell and if not are they in the market to buy.

About 1/3 were in limbo--neither rebuilding nor selling, while owners tried to decide what to do--sell, rebuild, or fight with the insurance company--or just didn't have the money to rebuild and didn't want to sell.