the only way they let you build in a flood plain AND then get flood insurance is to elevate to above flood level and alow flood water to pass through the structure...something like that. 50% discount may only be a deal for the seller.

The flood plain complicates the development as you would need to elevate (bring in dirt) the structures to meet code.

You will need to build the property finish floor elevation above the floodplain elevation.

Purchase price: $1,035,000 Cash invested: $1,250,000We purchased an extremely dated and non-functional office building to redevelop into our new company headquarters for ELEVATION and serve investors, real estate agents, and entrepreneurs throughout metro Denver.

With respect to R&M, the HOA covers yard/landscaping and common element maintenance, so I'm looking for a reasonable way to estimate other R&M type costs (I already know HVAC and elevator annual maintenance). 

The particular city I am building in has required me to do 3 sided brick full elevation. 

In Washington and California they were already very elevated, but today most investors are priced out of any opportunities in ore densely populated regions. 

You enter the house through the front door on an elevated foyer, then step down six inches into the living room. 

@Michael T Walsh you are part of a large group of buyers, and this group is very frustrated right now by the combination of elevated prices and high rates.

But I don't blame them at all considering that they want to be closer to family right now.So while I have to do more work to re-rent apts, I'm actually getting higher rents for my specific buildings.I believe that's the case because High Rise Elevator Apt Buildings are now seen as too dense during a Pandemic.