Normally when calling on banks for loans you would want to speak to the special assets or secondary marketing department but its not wise or a good use of your time to go after the top 100 banks.

So you need to either speak to someone outside the hospital (like a property manager) or someone else inside the organization i.e. one of the traveling professionals that is aware of the normal method of being housed after being placed at that hospital.

What we don't know is whether that is just a more severe version of the normal September slow-down or if it's a precursor to a bigger slow-down to come.I personally like the buy and hold thing so I think it's fine to buy now.

Paxton,Normally the coastal exposure is looked at by the Insurance companies in distance to the coast. 

Because, in this shape, this property will never pass inspection for a normal loan, and it's going to take me some time to get these houses rebuilt, I will have to rent it out as soon as it's habitable, and use the rent to pay for the rehab. 

Normally we all tend to underestimate the cost. 

Get a larger than normal deposit.....construction employees won’t take the same care as an individual typically......I know.

My question is, do I need flood insurance in addition to my normal home insurance?  

Once you pay off that debt, save that monthly payment you would normally be paying for a future investment property!

I don't normally share this so I hope it helps.