There is no mortgage on the property.   

If you’ve been affected, please comment below, and we’ll find a way to connect privately to discuss next steps. 

If they can get insurance rates and mortgage rates to come down a little, we would have a light correction imo for SFH.

I need some advise from you all before i move forward.How do you make the mortgage payment?

If you think you can manage a mortgage, taxes, insurance and the upkeep of a home while paying your student loans then buying is not  bad idea but if you think you will overstretch yourself renting is nto bad either.

Loan Officer, Brave Mortgage called me and we started a refinance option to be able to hold the property and get out of the balloon payment.

And they'll want you to pay off the loan pretty soon (and usually will you as the rate will probably be higher than banks) so there's that too.For this reason, we definitely prefer private lenders as they will (if you've built trust with them) often lend on the rehab too.

I happen to be looking for gap funders myself for a number of my house flip projects in Houston, TX and finding gap funders or any kind of private money involves a lot of networking and putting myself out there to meet potential lenders.

We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.

It's not difficult (shouldn't take long) to get flood insurance quotes (NFIP & private) if you work with a good agent.