Financing might be a challenge.I would recommend consulting with a attorney, loan officer, and CPA to discuss your specific situation and determine the best course of action. 

@James JeffersonHi James,To buy out the property you need to probably apply for a loan through any lender.  

(Either with the roofing company, a heloc, or a personal loan.)Either way you will probably be way ahead on interest saved unless you have a sub 6% interest rate.

I would get a bridge loan to acquire the property if it needs to be rehabbed and/or closed quickly.

I read this book, and within 3 weeks of finishing it had my next deal under contract because it helped me make my strategy decision and feel good about finally acting on itHappy to help if you have any more specific questions.

You may be serviced 3 times during the storm and a final clean up and salting after the storm .

As an update on what we have been doing, we have finally completed on the house in Peniche! 

The market is ALWAYS changing but I know at this time, seasoned investors are getting 80% LTV on DSCR in the 6% range and 90% of PP/100% of renovation if total loan does not exceed 75% of ARV for FixNFlip loans. =)  

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.