Flood insurance is destined to go up, because the gov has realized that it is insane to rebuild homes that flood on a regular basis.

In fact, you need to be pretty smart with how you present your plans to the city too.We're tearing down our garage and rebuilding with an expanded footpring of 1,030 sq ft.

the properties on both sides of mine and in front of mine have done complete rebuilds.  

After backing out the costs for rebuilding the garage and 1 bedroom unit below, which was necessary to support the second floor ADU we were at $250 per square foot for 1,000 new square feet, but i am an architect so i saved money on plans and managed the construction myself.

We had to basically rebuild it, but the well, foundation and wiring were ok and we made a decent profit. 

I am trying to work on becoming a REPS in 2-3 years, to offset my spouses income, by working on a conversion by rebuilding a piece of property we are purchasing this year.

I spent about the last year trying to get back to a spot where I can begin to get back into real estate investing and rebuild bigger and better.

I feel like this law was created to discourage investors or anyone who wants to help rebuild certain areas of the city of Louisville.

MTR does include traveling nurses but also insurance (waiting for home repair/rebuild), people waiting on their new homes to be built, other professions in town on a work assignment (Duke Energy, Bayer, have been a couple) and the STR's attract everything from weddings, funerals, graduations, fishing tournaments at Jordan Lake, local classes....in short, we do not have much lifestyle appeal but I still stay booked.

Our main home is one story and we'll be rebuilding our garage (with a larger footprint) and putting the ADU above it.