I did not have Flood Insurance, foolishly thinking my hurricane policy would cover this type of hurricane related damage (learned my lesson) I'm looking at expensive repairs and possibly a home that my tenant can no longer stay in (they evacuated for the storm as did I) which would be a loss of rental income for the foreseeable future, on top of uninsured repairs.

Unlike a captain on a sinking ship, you do not have to sink with the vessel that is your mortgage, there is a life boat available for you to jump in, and it’s called “Selling Your Property Subject to the Existing Mortgage.”What is a “Subject-To”?

Its a wonderful city. i have lived here all my life born and raised.

Obviously the wild card is how widespread is the FEMA support going to be for those without flood insurance.  

We are fully licensed, bonded and insured and we specialize in helping investors with their projects. 

@Michael Watts some title companies will insure title with 3 years of rental history but no quiet title.

The President’s declaration allows HUD to offer foreclosure relief and other assistance to certain families living in this county.HUD is: Granting immediate foreclosure relief – HUD granted a 90-day moratorium on foreclosures and forbearance on foreclosures of Federal Housing Administration (FHA)-insured home mortgages; Making mortgage insurance available – HUD's Section 203(h) program provides FHA insurance to disaster victims who have lost their homes and are facing the daunting task of rebuilding or buying another home.

An average single family house goes for $65K brings in rent of about $1,200, taxes $2,000, insurance another $600.

Hey everyone,I've found a potential property investing in through craigslist and I had a few questions regarding it.Here are the details:Triplex fully rented: ASKING $479,000 - 3 Bed 2 Full Bath (rents for $1200) - 2 Bed 2 Full Bath (rents for $950) - 2 Bed 2 Full Bath (rents for $950)They say that the tenant pays for cable, electric, gas/propane and the landlord pays for insurance, mortgage, property tax, and trash.

The vast majority have a very high scenes of entitlement having lived their life off of free handouts and for that reason have zero respect for others.As a landlord the level of resentment your tenants will have for you will counter any training you attempt to achieve.C class tenants are like cats, virtually impossible to train, and must be constantly monitored as you would a child.