If you are in a 500 yr flood zone then you have a decision to make and if you are at all risk adverse then get flood ins. and if you are not in a 100 or 500 year flood zone, and have inadequate reserves to handle damages, you're probably a good candidate for for flood ins but you are not embracing many of the strategies that are consistently discussed here on BP and other REI sites. 

Don't be afraid of it; embrace it. 

That sucked, and I wouldn't recommend it, but if you can learn to embrace that 'finisher' inside of you, you can learn to do a lot of things. 

Copious amounts of coffee.6am - Off to my office where I check my bank accounts, investment accounts and email.Check Facebook for a few minutes and fight the urge to get into fight about politics.Turn off my computer, pick up whatever real estate book I'm reading and spendthe next several hours studying, taking notes and researching.Around 9:30 or  10 I eat breakfast and start work.After reading other's posts, I feel like I should be drinking more tea and meditating or something healthier.

2020 is around the corner and most people are making new years resolutions; exercise more, eat healthier, be happy, etc.

Sure, takes more time and effort, but the meals will be healthier, cheaper and much more sustainable.

Unless you want to argue with them, just embrace it.

I embrace life-long learning and change.

Eat healthier every day

As several above have stated, if you have Class A properties, you can easily manage remotely if you embrace technology and solve the maintenance issue.Regarding the fees you quote:1) Placement Fee = 1 month of rent.