We took this disaster personally as we love Asheville and have visited many times.When there's an official presidential disaster declaration (there was), flood insurance policy holders should apply for FEMA assistance in addition to their flood insurance claim.

I'm assuming my friend has the right to do so since the tenant hasn't paid their utilities, and they are officially no longer a tenant but a squatter until the sheriff comes.

You need to reach out to the housing authority, not the tenant.

Many taxing authorities are wise to this, and so require some form of disclosure on the sale price of the holding entity.  

Be sure to go to the calendar of events here on Facebook as most official Bigger Pockets meetups are postedhttps://www.biggerpockets.com/...Also check out Meetup.com (be sure to look for live meetups, not virtual ones)And in Kansas City - Mid-America Association of Real Estate Investors is hosting it's 200th meeting Tuesday August 13th.

If you are planning to use a DSCR loan, lenders will want to see a valid lease, utility bill, or official document supporting you are living somewhere else. 

It is a GREAT video on MTR with Jesse Vasquez (he has an episode here on BP) one of the leading MTR authorities.

They're also expecting an official offer on the second property soon.If everything goes smoothly I'm obviously glad that my money isn't gone, but I don't think that excuses the lack of communication and inability to respond to LPs.

Contact local authorities, consider long-term rentals (LTRs), work with a local realtor, and network with other investors to ensure the property fits your long-term goals.Good luck!

Do buyers have the legal authority to give the tenants 30 days notice to move out immediately upon the deal closing if they don't want to continue having them as tenants?