Location is the one thing you can’t change about a property and it’s one of the most important factors.

I am located in Las Vegas.

Purchase price: $390,000 Cash invested: $390,000 Brand new construction nestled in the Grovemont neighborhood and conveniently located just 15 min from downtown Asheville & 10 min from Black Mountain. 3BR, 2.5 Bath, front and back deck, nice natural light.

Where are you located?

I'm guessing it's the winter and the location.

Where are these 7 parks located?

Your location references Kansas City, Kansas, but your post seems to reference the KC metro area.

Not exactly the same area, but there are a lot of parallels to owning and managing in both locations.

I didn't see a location option for Ventura, County, CA, I hope that's not bad news. 

With Risk Rating 2.0, FEMA looks at several factors to assess a property's real flood risk.Key Factors Considered- Property Location: How close the property is to water sources (rivers, lakes, coasts).- Flood Frequency: How often the area floods historically.- Types of Floods: Includes heavy rainfall, storm surges, and river overflow.- Elevation and Distance from Water: Higher and farther properties generally face lower risk.- Rebuilding Costs: Higher-value homes may have higher premiums due to more expensive repairs.What This Means for Homeowners- Fairer Premiums: Properties with lower risk may see lower premiums, while higher-risk properties may face increased costs.- Gradual Rate Increases: Increases are phased in over time for policyholders who see higher premiums, with annual caps on the rate hike.- More Predictable Rates: Rates better reflect the real risk rather than just being based on a flood zone map.Example Scenario (Simplified)- Old System: A house in a designated flood zone pays $1,000 annually, regardless of its elevation or distance from the water.- Risk Rating 2.0: That same house may now pay $1,200 if it's closer to the water and more vulnerable or $800 if it's higher up and better protected.Flood zones still matter under Risk Rating 2.0, but their role has changed.