Most importantly:It created a pathway to phase out the massive subsidies FEMA has been giving to the owners of properties in repetitive flood zones;It required new mapping with the effect of classifying more property as flood-prone, expanding the risk pool;And because maps cover broad areas an not specific parcels it better codified the process of contesting flood-zone designation through Elevation Certificates.As soon as the subsidies started being phased out, there was a ruckus because the rates went sky high.

Jody, I am brand new to investing so I an not certain as to exactly how bad the area is I just know its not good.

After those items are completed, a second inspector will come back and verify they’ve been done...it could be a different inspector that also finds different items that need to be completed that were not annotated the first time.I have yet to experience that, but I can see how that is very frustrating.

I made an annotation.