I have a rental property in Western NC that was hit.

Minnetonka, Excelsior is generally the western boundaries for such. - Waiting to next spring does not mean that which is solidly rejected now will later sell.

am in South Florida, but my team does development on your coast.

I also have 401k/ IRA which put me on coast FI.So here is the question for you:Would you pull out 500,000 From the equity on the portfolio to do the following:Invest in Short term rental properties, in long term residential rental properties that are more aligned to appreciation.It would decrease cash flow by $2000 in the short term.

TIARV Park AND Self Storage~4 acres, commercial for $120K (google maps link)Pros: In city, city water & sewer nearby, city allows both rv park AND self storage in Commercial zone, ~$50K worth of timber on propertyCons: Neighbors nearby, traffic visibility not as good here, land needs to be logged/cleaned up - not a big deal reallySelf storage constructed probably out of shipping containers~3 acres, industrial for $135K (google maps link)Pros: clear flat land, higher traffic count between the coast and I5, seller will carry loanCons: zoning does not allow for RV Park, city services unavailable

@Sathya Priya Sampathkumar   In RI probably your price I would look at providence and surrounding areas but you might be better off going to Worcester or western MA if you want to stay in MA.

In the upstate, the damage is not like what you get with a tornado where buildings are leveled nor is there massive flooding (like we've heard there is in Western NC). 

Quote from @Josh Klein: @Micah Cook I’m an east coast investor that buys and sells in Indy.

This is high season in Western NC.

They claim they have over 30,000 units under management on the West Coast but never had an eviction.