@Cesar Garza What kind of discount are you planning to offer him for the flood damage?

In my current situation I only have the ability to do one deal per year so I'm exploring the idea of using a HML to buy properties quickly and at a deeper discount.

You have to buy with a good discount built in at purchase for these to work.Example may be  in order.

3) With me being a realtor, I can list the property at a discount rate (still have to pay the brokerage a little fee) and we save about 12K in listing fees (still have to pay the buyers agent, unless I sell it personally). 4) Should we try to get the hard money, or should we be looking for a cash investor that might see a benefit of not having to pay capital gains taxes or listing agent fees, and partner with us?

These are things that are cheaper when you hire contractors who specialize in those things, as they can get discounts on the materials, they own the tools and they can finish the job in probably a third the time as a handyman.For example, painters can generally get paint for 30-40% less than a handyman just based on quantities they buy. 

Also don't fall for the I do it in volume pitch... that is not real.. all contractors have contractor prices at the home depo myself included.. you get some discount but nothing over the top that allows a 25k rehab to be 15k  etc.

In that case, how much should the property be discounted from an appraiser's point of view?

And when I buy and sell real estate in Cincinnati, they also give me a discounted rate on sales commissions and fees.Please let me know if you run into a reasonable insurance company in Cincinnati that has good customer service and great rates.

thanks @Joseph M. everything almost back to normal here.well from what i can tell the market has slowed down a bit, a lot of damaged property, i've seen 10-20k discounts in some desirable areas for SFR but that may not offset the damage

Companies like TMprinting, Michael Lewis Marketing Suite, Ken Oakley, LogoSpectrum and others often have discounts through companies and local boards of Realtors.