My partner and I are looking to start our real estate venture and hit the ground running.

Just be sure to have someone you trust and knows the area to give you the boots on the ground perspective.

Property appraised for 245k; however, it was classified as a c5 which prevented most lenders from issuing conventional financing.I contested the appraisal and the appraiser held their ground, but their supervisor told me that if I slapped a coat of paint on the cabinets (these needed to be replaced due to wood rot) it would be an easy c4.I paid $520 for a new appraisal, contacted all my family and friends, deep cleaned the home and put a fresh coat of paint on the rotted cabinets and over the doors.

The only things I would buy in flood zones are units that are generally flood-proofed, meaning the ground level is not residential.

There are many scenarios can played out from here but a good wholesaler would negotiate respectfully and still stand firm on their ground.

For us we are supremely blessed with our new build project in Oregon it has been quite the adventure coming out of the ground right when covid started.. then lumber 3X etc etc but for us the values rose to keep our original or exceed our profit margins per pro forma just taken a little longer than what we all planned or hoped for.

Send me a message if you have any questions, I can be your local boots on the ground. 

I'd also consider finding your team and boots on the ground, they can often help with underwriting, finding comps, and giving advice on neighborhoods, etc.

However, the housing market has stood its ground, presenting a myriad of opportunities for investors.

Only if you have the right team in place on the ground.