I usually find appliances a couple of years old for dirt cheep, far less expensive than repairing major parts.

So, if you did 50/50, you would split the monthly profits (cash flow after operating expenses and debt service) and the proceeds at sale. 

There are now private market flood alternatives (not part of NFIP) that may or may not be better or less expensive. 

What I'm seeing with interest rates and taxes going up, are most places don't do more than just cover their operating expenses.

If you're able to get into a multifamily and reduce your monthly expenses you'd be able to pick back up where you left off, have an investment property, and possibly more monthly cash flow.  

What I'm seeing with interest rates and taxes going up, are most places don't do more than just cover their operating expenses.

That means more income without the acquisition expense. 

I said miiiiiiight because I have a feeling a lot of people in this area don't understand how much more expensive it got to live here because of "tax cuts".

OR hang tight for many years, raise rents when or if I can and use my other rental property cashflow to weather CapEx expenses. 

Furniture is expensive Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?