There are now private market flood alternatives (not part of NFIP) that may or may not be better or less expensive. 

Also, without knowing your capabilities this is much higher risk than some alternatives. 

alternatively, is there a place where a landlord can query a database for such "bad tenants" again not talking about normal credit check or background check.thanks!!

If you are leaving money on the table "because it falls slightly below the 70% rule", then you missed the point.Ultimately, it depends on what the opportunity cost is: If you flip a house bought at 80% of ARV, that's great if your alternative (the opportunity you're giving up) is doing nothing. 

I have good income and 740+ credit.Does anyone have a Lima One alternative they have used?

I have good income and 740+ credit.Does anyone have a Lima One alternative they have used?

In the alternative, you can attempt to partner up with other investors.

Alternatively there is a meetup organized by @Justin Eaton over in South Jersey.I'm sure there are some other good ones out there, but these are the ones I go to and can vouch for. 

Alternatively you can find someone with construction background to partner up with you.

I’m not sure why you’re unhappy with those of us pointing out fundamental flaws and offering alternatives to your legislative issues.