New Hampton Roads Investor Looking for First Duplex Deal

[Akiem Jones]

BiggerPockets Community, How's it going!

My name is Akiem and I am originally from the Hampton Roads Virginia area. Hampton, to be exact. I went to college at Old Dominion University in Norfolk then moved to Washington, DC to work shortly after graduation. I am a CPA by day and looking to make real estate my early retirement vehicle. Long story short, I will be returning home to the Hampton Roads Area this fall which gives me an opportunity to dive into a market that isn't crazy expensive. My plan is to research the market this fall and pull the trigger on a deal early 2017. 

What am I looking to invest in? 

I am looking for a duplex in Norfolk that I can house hack. Preferably I'd like to have at least one of the sides recently renovated (or up to date). As I am new to the area (investing wise) I have a couple questions I'm hoping the community can help me with.

1. A lot of duplexes I'm seeing are in the Oceanview Area. I'm having trouble finding flood insurance rates. Does anyone have any estimates or advice? I've heard that the numbers on these properties work until you factor in the flood insurance.

2. Is there a noticeable different between what renters will pay for central air vs window units? I am hoping to attract at least C+ tenants and I imagine the higher tenant class the less likely they will accept window units.

3. Any thoughts about the market? Is it topping? Is it typically stable? I'm not as concerned about his because I plan to hold for the long term, but its always nice to know what the community thinks.

I think I've made my first post long enough. I appreciate the feedback in advance. Looking forward to connecting with the Hampton Roads Community!

Akiem