Then add in closing costs, etc. and you might walk away with a few extra bucks to plant new flowers at the 8-unit.

Sell it to a concrete recycling plant.  

I currently use 3' mineral wool insulation between the floors, and suspend the first floor ceiling using resilient channel.  

Also with the new Chip plant going in, there will be a high demand for homes within say 15-20 minutes of the plant.

Working as an operator in a chemical plant.

That is "our" papaya planted a while ago. 

Working as an operator in a chemical plant.

I manage an ice cream manufacturing plant by day and learning to be a real estate investor by night.

I also think some of this is the result of several chip manufacturers planning new billon dollar plants in the Phoenix area.

In most places for almost anything permanent that isn't ag (storage barn, planting, etc), you will likely need to either engineer to meet floodplain requirements/permitting or find somewhere else.Happy to take a look at it if you DM me the location, my W2 is environmental consulting and I've done floodplain development permitting for about 7 years, mostly in TX and the gulf states.