I do know that his house has a FMV worth more than the note as I have physically been inside. 

For example, service animals (which are for physical disabilities) can only be dogs or miniature horses. 

Win/win .Went back and forth with the PV company on physical design for this. 

It may not be in the right segment of the flood plain, or be the wrong type of benefit (flow, storage or area) but it could be and it would be a win-win potentially.None of these may actually be useful, but the only way to find out will be to physically explore each one....This is really a detailed approach to the old "offer the property to the neighbor".

You may have the bedroom count, but sqft is very low for that rent, your probably closer to $1700-1800 than over $2000 in that area, maybe north of 210 Shandon Hills, maybe the Del Rosa/Sterling area, San Grogonia area, close to Highland or casino area might get closer to those rents.It looks like your trying to Finance with an FHA loan, watch out for mortgage fraud, SB has been a hotbed of mortgage fraud in the past and it is much more of an issue today than in the past, not saying they are looking to lock people up but occupancy fraud is one of the most common forms of fraud and lenders do look for it.

Since I have not physically seen the house, I assumed that with all the units already renovated the rent would be about 1100 a month.  

Trying to figure it out what are the best methods to take in consideration before physically go to see it.

We don't give our tenants a "walk-through" list of steps to take, but rather, we either go physically ourselves to the property or call up our local handyman to check the basic things before we call in expensive electricians or plumbers.

Would you consider physically moving to Cincy, Indianapolis, Fayetteville NC, and other cheaper markets?

Get to know the HOA and the status of the physical structure.