Hi Steven,You won't be able to cash out or refinance in a period of 3 years with the institutional or government loans. 

I suggest you google exact term (private flood insurance) or (Lloyds of London flood insurance).Note: Skip over the ads and look for an agent that will shop all options (including the NFIP or government option).We do a free audit of someone's current policy (and oftentimes find errors) as most agents don't specifically deal with flood insurance and are not experts at how to get the best premium for their clients. 

I have gotten conflicting info from brokers, independent consultants and government officials.

Or would it be smarter to wait until government stimulus plans phase out, most notably mortgage forbearance?

And it only applied to government backed mortgages - not hard money loans, private loans, portfolio loans, paid off houses, etc.

Property taxes are mechanisms of state and local governments. 

And it only applied to government backed mortgages - not hard money loans, private loans, portfolio loans, paid off houses, etc.

EO’s cannot mandate spending by states or local governments so that’ll likely be ruled unconstitutional as well. 

Coupled with all of that, the current government has not been investor friendly and there is a lot of uncertainty in the market right now.

If at all possible that would be the best solution all around.I'd inquire with the local government, find out of possible, what it would take, or even if there are existing plans to do so.