I would love to get my hands on some fixer uppers in Baltimore, but it's not in the cards right now.

@Jacob Ogan give us a little more info!

I wanted to take a moment to introduce myself here on BiggerPockets.

This new rating system changed how FEMA determines flood premiums for the NFIP. - Phase 1 (October 1, 2021)Applied to new policies or existing policies that opted for early renewal under Risk Rating 2.0.- Phase 2 (April 1, 2022)Applied to all remaining existing policies, transitioning them to the Risk Rating 2.0 methodology upon renewal.The new system replaced the decades-old approach to calculating flood insurance premiums, aiming to provide fairer and more accurate rates based on individual property risk.Before Risk Rating 2.0, flood insurance premiums were mainly based on whether a property was inside or outside a designated flood zone and its elevation on a map. 

As you may have found in your search, there are lenders that will lend up to 80% of the appraised value on investment properties and don't require an appraisal.Let me know if you'd like me to point you in the right direction.I have not; I'm still working on acquiring my next house hack, but when I need it, I'll probably use a combo of hard money and margin loan.

It was a learning experience but I made it work in the end.Mine was a 5 unit commercial building that needed a gut renovation, similar to yours. 

It saddens me to see this percentage creeping upward constantly.

Definitely come to the Midwest with no debt

It was an honor to be invited as their guest presenter.

@Kristin Vegas what ROI do you project to obtain on the MFR?