Any pain points in investing there? 

Also, depending on the area, codes and historic have been a big pain especially since the new city administration has put a much higher % inspection requirements for "cosmetic rehabs".I've been able to turn majority of the units in the last 3 years. 

Quote from @Brock Mogensen: Those that didn't put the right debt on their properties and are bad asset managers will see some pain.

Be also mentally and emotionally prepared for the folks that think just because this is not your primary home, it's somehow less of a catastrophic event for you because others did lose their primary homes.That's why it's vital for you to form support networks with people who are in your same boat - ideally in the same community.This truly pains me to share - but most of the disasters I'm seeing across Western NC are going to be considered flood events and if you do not have a separate flood policy you will likely get no coverage.

Hey Jason,I feel your pain, it's like déjà vu.

The pain of the root canal depends on the dentist.

As much as how stressful and painful going thru this, I am trying to be positive and take this as an opportunity to get a fresh new start.  

(Sometines using a conventional loan) Short-term pain for long-term gain2.

A little bit of pain now for prosperity later - thats the motto with this game haha! 

Checking in with the BP public on this...wife and I just bought and moved into a SF this May at 6.812% and the monthly payment (4319 all in) is pretty painful.