Not a flood zone specialist but I don't believe it would impact your resale.

If you were forced to sell this property a year from now 100% renovated is the most likely buyer another investor?

The shorter the prepayment term has an impact on increasing the rate.4.

The shorter the prepayment term has an impact on increasing the rate.4.

Understand its impact or know ways to by pass the seasoning.  

Not only will you save thousands of $$, you will have control over what is going on and avoid getting taken advantage of.This can also impact tax benefits.  

He is an electrician and lost money that had a big impact on his life, set his family back a few years financially, prevented them from being able to buy the house they wanted to for themselves to live in, caused a lot of stress in their relationship etc.

Indeed, thank you @Collin Schwartz for sharing your story and those little details such as how you got your lists and the impact that had! 

The shorter the prepayment term has an impact on increasing the rate.4.

Congrats you just made discovery a more drawn out process than necessary and your insurance carrier's legal bills have gone up which I can assure you will impact your next year's premium.