Hello BP,I am still figuring out financing for a 4-unit turnkey property I have under contract (for buy and hold).I wrote in a previous post that my lender increased the down payment required for purchase and I don't have it.

To buy this new 8plex I would have to refinance my current 8plex and increase the mortgage from 170k to 510k (170k+320k for new 8plex+20k for acquisition fees or other things)This is my current property (8plex)This is my current property after refinancing (8plex)This will be my new 8plexI should also add the the new property is in very good shape.

Seek legal counsel or the right answer.There is no quick fix for dealing with a flooded house.  

If refreshing the unit and increasing the rent is going to happen, might as well give notice and start on the first unit.  

I don't think seeking appreciation is purely speculation but seeking appreciation while having negative cash flow can be a dangerous game. 

I haven't shopped around for insurance for a few years now, but I noticed a significant increase in how much we pay for our Texas  rentals.What REPUTABLE (with good/excellent history of paying out in case of fire) insurers would you recommend? 

I haven't shopped around for insurance for a few years now, but I noticed a significant increase in how much we pay for our Texas rentals.What REPUTABLE (with good/excellent history of paying out in case of fire) insurers would you recommend?

Agree with Jeff GreenbergIn Texas, the buyers can seek legal actions against the seller in such circumstances but you will need an attorney to represent you. 

Hi Matt- If you're seeking non-conventional options, I just sent you a PM.

I do, however, advise waiting until you are able to find or create a great deal that you can afford before investing, and those type of deals don't just fall into your lap, you must work and actively seek them out ... the sooner and harder you start looking for them, saving for them, and educating yourself on how to spot and find them, then the sooner you will find them.