So sorry to hear about your house being completely gone.Get with FEMA as soon as you can and get the balls rolling as well as your private flood insurance.

They may be cutting into your profits, by needing to pay them off the rent roll, but they will be saving you so much time and headache in dealing with the day-to-day issues with tenants as well as finding and vetting new tenants for you.

But each transaction is a roll of the dice, and as any gambler knows if you continually “double down” it’s just a matter of time before you lose your “stake”. 

Your rent will roll in each month and you will be kept apprised of everything you want to know about (maintenance, renewals, etc.) 

what I saw happen personally was a revolt. instead of cash call to the original GP they used that cash to hire attorney and boot the GPs out with threats of bad things to happen to them.. a couple of the LPS stepped into the GP roll with the attorney guiding them and well folks then put more money in and the projects were ultimately lost a few years later. 

I'm currently looking to roll out of a duplex I bought in Holly Hill (BRRRR but looking to sell) and continue picking up the 6-12 unit properties that are pretty common in Volusia.Anyone interested in a meetup sometime?

You keep the deals rolling @Matthew Nosal! 

It takes several years for real estate to add cashflow to your life so I would try and get the ball rolling sooner rather than later. 

Our intention would be to roll the money from that sale directly into our second-home property.

Do you roll the deposit over for the tenant that renewed?