., @Jason BottThe response I got from my lender was as follows:If any portion of the parcel is within a flood zone, flood insurance will be a requirement.If a survey is carried out and shows that the footprint of the improvements (buildings) are not in the flood zone, the requirement for flood insurance can be mitigated/waived.Thanks for your input.

I don’t think his crystal ball is telling him that he just needs to carry the loss across all these properties for 9 months - he’ll take what he can now, which suddenly includes long term tenants, furnished or otherwise.

Suzanne, My use Carried Phillips from Robinson Burdette Martin and Seright, LLP.

I see some properties that could be absolute gold mines if it were too go that way, and if not it's a small cost to pay as a gamble.

Would echo Blake's post the hands off investor is filled with so many gold nuggets.

I carry a lot of weight in life but I manage it well.

Then you're going to drop another 120K in to the property putting you at 80% loan to value without taking carrying costs or construction overruns or down payment or closing costs into consideration.As @Issac San Miguel said, this would not be considered for a DSCR loan if it needs renovations. 

This is not a quick or easy process in most cases, so you may have to continue to carry the mortgage for 6-12 months to make it work, which means it has to have a lot of meat on the bone to be worthwhile. 

From a waiter all the way up the totem pole, you can develop and hone skills and grow in entrepreneurship that will carry over to real estate.

The box home improvement stores carry them.