Add $500k, capitalized improvements made over your 10 years of ownership and closing costs.3.

In my case, flood insurance was under $1800/yr and for the numbers made complete sense for me as a good deal with that added cost.4) Flood zone AE does not directly impact resale value, but can reduce the number of buyers considering your property which can lead to slower sale through time and potentially lower prices.  

And this one cracked me up: "We were sipping lukewarm coffee from chipped mugs, half convinced we’d made a mistake."

These are usually from personal connections we have made through the years and the investors usually want proof of experience to participate in any deals.Can you recommend any lenders in particular for SBLOC product?

What made you interested in investing in this type of deal?

However they made it clear that unless we would pay them something unreasonable, they weren’t leaving without a fight.

IF it is a real problem, then yes, fix it.I would build a fir-in wall out of 2x2s and insulate it heavily (Rockwool comes to mind https://www.rockwool.com/north-america/) There is also drywall that is made for this.

However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.

I didn't even realize they had originally purchased the parcel I have the tax deed to until the heavy equipment showed up which made me look closer at deeds for sales in the area and discovered my parcel listed on the other property's deed.This is my first tax certificate/tax deed so I'm not sure what comes next.

Other:  -Custom closets are always well received.