Even houses in 500 year flood plain areas (0.2% chance of flood per year) flooded!  

They do exist, but you have to be super aggressive or just plain lucky. 

And as explained in a post above, the prep work for pavers is very similar to the prep work for concrete, so if going with pavers is an option then look at concrete as well - whether plain or stamped / decorative. 

Plain and simple.There's no room for you to get a slice of this deal.

However, the issue is that his home flooded twice this year resulting in the area to be rezoned in a flood plain.  

Though they vary, most state very plainly that if the house sells in any way shape or form within the 180-day period (or with other caveats if it sells shortly thereafter), the seller MUST pay the agents commission.

You know what is plain laughable?

IL is on board with the series LLC perhaps that can assist you....or just plain out ask an attorney.

I've been working some deals in Capitol Heights and Seat pleasant that are bank owned and between the agents and banks i don't know if they're just plain stupid or have no idea waht the comps are.............with that being said, personally i wouldn't deal with that agent. find one that' investor friendly and will submit the offers for you. that agent has ZERO say so over your offer. if a contract is submitted she must by law, present it to the bank. it's up to them whether they accept it or not.nowadays i don't even deal with REO. i like dealing directly with homeowners as banks are too unrealistic. with their price expectations. if you need recommendations for agents in that area pm me.

This area is not for beginners, but there is alot of money to be made.If you are just looking for one or two passive properties that you can self manage I would steer you towards an area more like morris plains or boontown.