•I’d compare this deal to similar non-flood-zone properties—if the return is much better, it might be worth the extra risk.

That's a lot more to chew on than most non-locals want to deal with, but for those of us here, there are good opportunities to be had.

He only wants paperwork on FMLS related transactions - and I do not owe any fees upon closings - if on a non FMLS transaction - just like any private investor purchase or sale.  

Conventional loan, 20% down non-owner occupied.

do not answer on a public forum.I have done it as trustee on 3 properties fairly recently and helped another trustee a couple/few times long ago.The step up basis is time of death (TOD) value.  

And buyers can’t borrow $1 more than 75-80% of the comped value of similar non-STR homes.

Aloha is the only name that shows up in the public record as owner of the loan.Wrt whole notes, ownership of the note and mortgage/DOT is transferred to the investor via an assignment and allonge.I agree w/ @Jay Hinrichs, a 100% secured interest in the loan is safest.I haven't invested with them yet, still considering.

The allocation was non pro-rata.   

Your license is part of the public record, so sooner or later, your employer will find out if you're licensed.

I would also look at the availability of public water and public sewer, if not at the site how far away are those services.