@Brad Penley some suggestions I always try to get my client to take when buying a property that will require flood insurance due to your loan is, 1) make sure you understand if the property has ever had a flood, If so what year and how the water got in the structure and if the damage was repaired, also good to know how much the claim that was paid.

Rent will be paid through the end of the month.

So it might be a good time to just work on the loans and let the housing values drop however much they are going to and then it might be a better time to invest once the loans are paid off because the prices will be cheaper.

Now I want to get a refi on that free and clear property and use the 20-day old appraisal I just paid for.

Question isI have rental property that will be paid off within 2 years, Of course, I will have to include $85k to do that. 

I would actually consult with a mortgage lender to make sure you can or have a path to getting pre qualified for a mortgage.

You could put a Mobilhome or build a new home using pre-manufactured panels at low costs.

Conventional loans do not typically require residence.You just need to make sure there is NO pre-payment penalty for paying off the loan early.Also you will need all the repair money and carrying costs available in cash/credit. 

Hey guys I have 30 paid off single family and townhomes.

If the owner is getting rent paid by checks there are checks to trace.