You already seemed to conclude you are forcing this deal, I would agree unless there's a reason why this property will appreciate significantly in the near future and the 40 year amortization schedule allows you to hold on for that to occur. 

Flood insurance is expensive and will be more expensive in the future, as they try to raise premiums to cover the claims. 

With the money from my savings and stocks I have about 100k . 

If you're open to expanding your search some time in the future, I would recommend checking the Columbus OH market.

Generally, lenders base their refinance valuations on the property’s in-place income and existing condition, not future projections.

I paid the first one and then said that’s more than enough to store all future documents.

Another common problem is poor due diligence—jumping into deals without verifying the borrower or collateral often leads to future regrets.I’ve also seen over-leveraged borrowers cause trouble, prioritizing other creditors over private lenders.

In the  future - never  pay an application or engagement fee   when trying to  get a home loan or a  reseideential loan  

Real estate is one of the best mind-sharpening exercises in the investment world simply because getting it wrong there is no stock liquidation or quick way out.

I'm hopeful we can find more productive ways with less red tape in the future outside of LIHTC leveraging technology since standard construction really could use an overhaul.