The information contained in this post is not to be relied upon.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

Hope to be in touch

Quote from @Amanda Dobbs: Is there a place to find Private Investors as in one person?

@Nathan Gesner It's no use helping here.

.: Thank you for all this information.

@Erica King Sounds like this is more of a personal budgeting concern rather than a real estate one.

My coach suggested (and I implemented) a "must do tracker"....it's a color coded spreadsheet (I like to print multiple copies and keep them on a clipboard to stay in my sight/top of mind). 

The “hot tub show” models will work, but you will do more work on them in the end.  

AirDNA – This is my go-to for market research.