I would suggest you up your rate from 8% to 10% to help off-set some of that cost. 10% is doable all day long here in Texas.

I won't fault those syndicators that have stopped distribution or even doing capital calls if they do spend time manage the property and try to find solutions to the problems.I suggest BP have a hall of fame and hall of shame for these syndicators. 

I would suggest either renegotiating the PMA or getting out of it.

Tenants in many markets already believe they pay too much (contrary to recent studies that show rent to property values have never been lower for the large US cities).If my insurance costs are not double my current rates over the next couple years, I will be pleasantly surprised.  

Indeed, it's probably ideal to do the kinds of things my colleagues here and I have suggested before trying a $$$ seminar or mentorship of that price.

I second the suggestion to take the payment plan.

Would really appreciate any suggestions!

Here’s my suggestion.  

I've seen many people suggest a cash out refi but I like the flexibility of the heloc.

I'd normally also suggest Marshall, Black Mountain, and Old Fort, but many of these towns were heavily impacted by Helene.