Typically this is 1'-5' above the BFE listed in the FEMA Flood Hazard Map, depending on the local code.If the building is designed to meet freeboard requirements, the next requirement is typically that the building be engineered to adequately withstand the anticipated loads placed on the structure during a flood event.

I'm just starting my wholesaling journey, and finding cash buyers is more difficult than I anticipated.

At this point I anticipate getting zero and I will likely non-renew the long-term tenant later this year. 

I’ve got a rough idea, but I bet there are a lot of little unexpected costs I am not anticipating.

The $440k sell price was that your original ARV or is that higher or lower than you anticipated when you started this project? 

Will hold this investment with anticipated rent of $2,500/mo.

I had her house inspected last summer in anticipation of having to eventually sell it and have her move in with me until we find a place she would like to live. 

Challenges, making the deal work by cutting costs and increasing rents will take more time than anticipated Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

On a more serious note, it does cause an insane level of backlog in the city, and causes a lot of developers coming from outside of Austin to go belly up when they don't anticipate the time and fees required to build here vs anywhere else in the state - even ~ an hour out of Austin.

So now the question is yours to answer; Do you prefer A) a 75 year old triplex in an A+ area with a negative $2k monthly cash flow but anticipating appreciation or B) a brand new triplex in a C+ area with $750 positive cash flow.