I would be happy to take a look at what you are putting together and offer my opinion.

I've managed a number of successful rehabs and put a lot of sweat into them as well.

Lastly, they’re going to want a higher interest rate than they can get from the bank for taking the risk.

Some key reasons for privatization include reducing government risk exposure, encouraging private sector competition, and streamlining operations.

I think you have to find what your strengths are and what your risk tolerance is in different areas of RE and look at your entire financial picture.  

So you can put your name and the address of property.

We put 50% down.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

Landlords can easily do it without a mortgage but they are taking a huge risk.

Reducing risk requires at least some time spent in research and involvement in a deal.There are many other things you learn along the way as well.