I need to do research once I get settled somewhere (our other house was heavily damaged by trees falling on it) but thought I'd ask this forum in the meantime.I'm grateful for any advice that you have, and I hope everyone is safe.Talk to your insurance agent ASAP.

Thank you for this very clear solution, Derek.  

So, the solution to the problem is built into the system.  

So another solution is to save up for another deal with your cashflow + savings, and pull money out when/if the interest rate gets lower?

Spill the beans, the world is too public.Careful what tree you bark up, you'll get the wrong dog.

At that point, it's worth researching and finding a solution that better meets your needs.

Purchase price: $8,000 Cash invested: $2,000 I purchased 2.5 acres of Raw Land in Joshua Tree, less than ten minute drive from the park and downtown area in 2018.Purchased via seller financing.2k down with monthly installments to pay out rest.Current similar lots are selling for around $65kI plan to hold long term Would eventually love to develop something on the land-either an art park or residence.

It’s a month to month contract so I am trying to find a solution to see if they take a lower monthly fee .Thank you for your response!

At that point, it's worth researching and finding a solution that better meets your needs.

I have a background in technology and real estate (I was a previous VC-backed technology company founder), so I am very tech-friendly, and I like to adopt solutions that streamline workflow/enable best practices.