What I meant was if you're focusing on that area you might as well look for a home that's not in a flood zone to save on that expense.

I have a portfolio loan and am paying it down but need to sell a few properties.What if the home sells less than the release price but I have paid a lot of equity into the portfolio loan?

Is it worth waiting until September and hope the market is still as strong or take the hit on capital gain taxes and sell now.Secondly, if we do hold this property would it make more sense to prioritize debt paydown (instead of investing in another property, put our cash towards our mortgage payment and have it paid off within 10 years.

The whole remodel ended up taking about 2 years and we put in about 80K in remodel expenses and furniture.

Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

The mortgage is paid off as part of the sale leaving net proceeds. 

There are manufacturers that offer programs where we can buy new homes from them on contract to then sell on our lots but that is expensive and the paperwork is overwhelming.  

Tenant paid for two years, and then stopped.

As an investor, I will always ask for the rent rolls or P/L for a property so I have some idea of the income and expenses.

Thinking that as note holder they “own” the property until the note is paid in full5.