Lots of prospects will call, ask about property, I pre-screen over the phone, and they either hang up on me or not show up for showing, or if they show up and after I give them application and they never come back with it.... 

It would be easy to do a "mini" cost seg though and take the low hanging fruit. 

Congrats Jodi,Sounds like you got a deal and times it right Hillary ,I’ve been listening ok’ing at flood deals for a while now , from the deals that came my way the wholesalers are looking for 60-50% of the ARV , that doesn’t leave you much room for error , market correction or stigma of a flood home even in a good area .Take off 10% for commissions, legal  & closing on sale , you are looking at best a 12/20% return on investment .Now imagine if the mold situation comes or contractor goes over budget , you may be stuck holding a wet bag If your plan is a rental than at least you have a plan B in place For the best upside of 20% I’d stay clear Of course if you can purchase at 35/45 From ARV that may be worth considering IMO the Flooded homes are going to be in the market for a while - based on the fact many owners are just hanging on and not paying mortgages .

Hang in there, and best of luck!

@Andrew McManus Have you thought about paying some of it down and refinancing to get a really low payment but still hanging on to some of the cash so you can pull the trigger on a deal in CO when it presents itself? 

in some areas  yes the low hanging fruit has been picked.but there is always deals to be had for those with cash..

I was just there a couple weeks ago with some friends hanging out and checking out realty.

OR just hang on to the chunk of money available until I decide to pull the trigger on another business idea. 

Hang on tight to your cash and use it for your second property in a year or two.

Commercial brokers typically do not have time to be bombarded by questions when in a transaction just so someone not buying can get (trained up).Reminds me of a car audio business sign I saw one time hanging in the front door decades ago.