Will the title company put this property under our LLC name, and won’t be required to legally inform HUD/tax authorities. - will it influence property taxes once we move to conventional loan in 3 yrs? 

Properties in flood zones are harder and more expensive to insure, which lowers their perceived value and makes them more difficult to sell.

This lowered my cost basis per lot by 7k.

In my experience tenants on the lower end of rent tend to cause more damage than higher price tenants.

The market does offer lower priced investment opportunities and higher cashflow returns, with ongoing revitalization projects like the DORA boosting appreciation potential.

Had to negotiate to 999,000 only to stay under the NYC luxury tax.

Have you passed the tax assessment yet, or is this your first year of owning it?

I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowering my current interest rate.

WARNING: if you do not prepare for this, you can enter a death spiral: deteriorating properties lead to lower rents, worse tenants, more wear and tear, even less cash flow to fund repairs and ultimately erode asset value.I do not mean to rain on your parade, hopefully, this is a helpful long term perspective. 

Mostly because the tax incentives are *insanely* good.