[Calc Review] Help me analyze this deal

[Corey Frank]

Hello! Brand new inventory here! Any thoughts anyone has on this property would be appreciated! My concerns with the property are these... The property is in a flood zone. They claim the insurance is $1700/year. (not yet verified) Would I be smart to require renters to carry, along with proof of renters insurance from the renters just incase a flood occurred? The property is also zoned commercially. I have yet to figure out the property taxes as this city's website is quite horrible. The acquisition price is 22k under asking yet I will still have $18,000 wrapped up in the property after refinancing. Any ideas of how to get at least $10,000 more pulled out during refi? My last concern is this property was last sold in 2020. I am wondering why they want out of the property in under a year. Thank you!

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