I own a small credit repair company from my home office, I opened a barbershop recently (🙄) and I am trying to think of another/better way to earn cash flow, become an actual owner, and start building and elevating.

It's important to have an elevation certificate for an accurate quote from an insurance agent.   

Have you had an elevation certificate?

We are getting a contractor out to the site ASAP, in the meantime this is my rough very conservative estimate (based on previous rehabs, and built 5 houses personally)    This neighborhood in Athens, GA is very desirable, near hospitals and is considered downtown...so we could potentially turn this into a STR, especially with the amazing view of the backyard (creek with bridge, high elevation and a large deck runs the entire span of the back of the house) as long as the neighborhood allows it (our realtor is checking into that as well). 3rd backup plan is to move into it, and get a standard mortgage based on the ARV...i would love to live in this neighborhood. this area is hot...the only reason it hasn't sold is because its smelly and needs a big renovation.  

Be aware of elevation if considering any properties near the area, as I watched many homeowners over the years take hits on their homes, being unable to afford newly required flood insurance and unable to sell their homes even at a loss, for this reason.

This will elevate your stature as a professional and open up a lot more opportunities for you to monetize deals you can’t buy or wholesale.

This will elevate your stature as a professional and open up a lot more opportunities for you to monetize deals you can’t buy or wholesale.You should talk to a real estate attorney that works with investors in your area to ensure you are in compliance with any laws.

Is this slab foundation or elevated?

Getting it into the office was fun.Barley fit into the elevator.

It's not required on cash purchases.If I'm going to look for property insurance and potentially flood insurance (Florida has hurricanes) should I ask for an elevation survey?