Then I started researching about flipping them and the opinions of wetter it's a good idea or a terrible idea are about 50/50 so now I am in the same predicament again and worried I will make a terrible mistake.

Make no mistake I am not speaking about the handful of terrible agents that can give us a bad name.

The first home was a newbie mistake and the house was located in a flood zone. 

Here are some mistakes/tipsNot enough due diligence.

If you operate your business professionally and follow all the regulations being taken to court will teach your ex tenant a nasty lesson and cost them money.If you make a mistake and have to pay some money back it is still better than offering money you do not owe out of fear, always make them work for it.

Not sure if I would try other counties outside of PG as I want to learn and be able to recover from any mistakes and other counties seem much hugher priced- i think somewhere below 100-200k for turn key or near turn key. 

The UW will then counter the loan as an investment property and require 20-25% down or counter it as a second home with conventional financing with a min down of 10-20%.This is what will happen if a loan officer submits the file as suggested above.It would have to be a pretty rookie mistake by a loan officer (LO) though to submit a file with out the property explanation and documentation because it would not put your file in the best possible light and achieve what you've intended to achieve.Is it possible for her to get a primary residence ?

Assuming apples to apples comparisons, I am only considering the interest rate they offer, is this a mistake?

I made the mistake of going into contract on one of their "investor advantaged, in the path of progress" homes in Indianapolis through their local provider IndyREI.

After reading your post, I have thinking if If I already made so many mistakes.