I tell all my customers who want to finish the basement to make sure its dry and any drainage issues are corrected before hand.

Boat slips and dry storage are available for rent.

That might make a "human interest" type of difference that will stand out among other dry investor offers.The seller may feel better giving a nice family a nice home and helping the neighbors preserve property values that might be in contrast to fears of what might happen if an investor brings in an undesirable tenant and doesn't maintain the property.Jim.

They come in and wetvac the place, setup fans to dry things out.

Economy is 100% dependent on tourism.Tourist season is short: much of the year is “wet” season and tourism dries up (forgive the pun).

Hope to be dried in over the next few weeks.  

I usually see commercial developers budget for a 4 year project.After land seller delays,political delays,zoning and site delays,construction and phase funding drying up these projects can take up to 10 years to get the first phase going.If there are multiple phases you could be looking at up to 20 to 25 years to finish.Everything constantly changes.The people in local city and county changes.The mayor can change.Budgets from the city and county allotted to development change.Type of project and viability can change etc.Used to developers just made an LLC with high LTV and put a little coin in on high non-recourse say 90% with 10% down.Maybe 85%,10% down,and 5% mezz debt.That has all changed.Lenders want recourse and your first born now and cities and counties need monetary assurances they won't be left finishing up a half built project of roads and lighting and the tax payer footing the bill.They want you to pony up other trophy properties in your portfolio as collateral.This has caused developers to be ultra conservative on what they can pay for land to develop along with projected rents they will get during lease up and completion.

We spent 2 days dry camping in our travel trailer.

I also say look at where they were buying...for a little while everyone looks like a genius when you buy in hot markets and prices are going up 1-2% a month, but when that slows down, or time on market goes from 7days to 30 days, or your labor supply dries up due to Covid, or you just screw up on one house that has a bad roof or a bad foundation or bad plumbing pipes or all the pipes freeze in Texas because you failed to have on the heat in February and your insurance doesn't cover that because it is vacant and you were negligent, then you may have to sell 10 at really great prices to make up for the one bad one.   

We were heavily geared up in the foreclosure market, but we saw a lot of those deals dry up since COVID.