We would prefer medium term so that we can still use the property and also would love to offer our place to those who are temporarily displaced due to the storm.We also are considering a switch to LTR, we already have one of those and know what to expect with that. 

If you need access to the $200,000, you could use a HELOC to temporarily pull equity from the property when good opportunities arise. 

Some strategies to lessen the negative cash flow are: house hack and rent out the other unit as a mid-term rental (to traveling professionals or for people temporarily displaced because of insurance reasons like fire) or short-term rental (business or vacation).

I would find other ways to pay off the HELOC - even if you have no cash flow temporarily.

2024 Update  Distributions will temporarily pause due to higher insurance costs, lender restrictions, and higher interest rates. 

I've temporarily moved to a referral network only, and am very happy to answer questions and connect investors with real estate agents, property managers, and other service providers in NW Florida. 

-Tax Deferral - First, any capital gains on the money reinvested in an Opportunity Zone Fund will be temporarily deferred.

Compare your options.Sell and breakeven is not a bad option.Rent and cashflow negative temporarily but only if you can manage doing that. 

And they said it's okay to "temporarily" have a bad credit score because you could also repair your credit.

I am glad you landed in a safe location at least temporarily.