The property has an elevated wood dining room and kitchen floor that stands above the rest of the living area, which all sits on a slab foundation.

I've learned the hard way that for this kind of area, access control, lighting, video, even a patrol are very important.Regarding rents - Do you really think that market rents for an elevator apartment (not house) are that high.

The strategic application of these tax credits can indeed unlock significant value and elevate the overall impact of real estate investments.

Usually the tank is not the issue unless it has a crack or is otherwise broken.I assume it's not an elevated sand mound as those have only been around (in my area at least) for about 30 years.

With elevating PT, accumulating repairs etc your cashflow will become less and less attractive, until you decide to sell.

Asking price $87K, may offer $82K, 25% down ($20,500) 4% interest, 30 years.P&I: $294Tax: $137Insurance: $103HOA: $361....first red flag, it seems pretty high to me (it supposedly covers security, common areas, elevators, laundry rooms.Rent: $1300 (potential), second red flag because it's vacant at the moment.

Elevations CU can be pretty flexible.

I eventually settled with an FHA insured loan at 30 years and let me tell you that those inspectors are picky.My home's first floor is under the base flood elevation.  

I have a mountaintop property with almost 4000 feet of elevation at its crest, and I think it would be a good idea to generate some revenue while at the same time solving my service issue. 

Licensing, inspections, repairs, lawn / pest / elevator / mechanical service contracts?