Also, the lower units may be below the area's base flood elevation, which would prohibit you from rebuilding them unless you somehow raise the house.

Took my kids to the courthouse in Carthage where they have an old school elevator, their minds were blown. 

Rents seem to be elevated here compared with many markets.

Joshua Lawrence with Elevate Investment realty is great.

What really kills them are all the missed payments up to the point of the short sale is successfully closed- Credit reports show the mortgage as an account paid in full- Can buy a new house within one day of a short sale- Eligible for an FHA loan within 2 years versus 7 years with foreclosure- Keep government security clearance- Get your dream job because they're are no foreclosure on your credit history (yes, companies can check your credit history)- Pay less on every loan you get for the rest of your life versus elevated interest rates with a foreclosure on your credit historyPros for an investor buying short sales:- Bank usually takes a discounted amount for a property- Can control the offer amount and the way its negotiated- Can control your deposit amount (no need for +10% down payment)- Good negotiators can get you a good deal- Can send in a contractors report for further discounts- Plenty of people that need help = lots of potential deals to be made.- Be a hero to a family that thought foreclosure was the only option out!

Call an insurance agent and get a quote for flood insurance.Also if the house is in the "flood way" you can't build anything.In the flood zone, if allowed to build, some localities have strict standards than the Federal laws, you have to build ABOVE the flood zone by elevation. 

Esp with the older buyers & younger ones with small children.However, a builder friend of ours put a bunch of 3 story units in a tight infill area & added elevators from the garage to each floor & they sold very fast.

If we could have taken their elevation drawings to an engineer we could have built things that looked just the same but were much less complicated and expensive on the inside where no one could see.Bonus: How often and how comfortable are they working with first time developers?

Purchase price: $660,000 This property is the third that we have ownership in for Elevate Recovery Homes.

Or thanks to some of the City design standards we had to incorporate to make it look good on the front elevation