And while the rates will go down on your primary house, the amount of qualified buyers(real demand) is mitigated heavily when job losses occur.

By understanding the potential risks and taking proactive measures to mitigate them, we can navigate the digital financial landscape more safely.Please share this message with your friends and family to raise awareness and empower others to make informed decisions about their financial security.Stay safe and informed,Links to my current situation .This reddit post sums it up and has several news links and twitter links .https://www.reddit.com/r/yotta/comments/1cv1mkc/simple_summary_and_your_recovery_steps/

But,You have to prove you were damaged, how much the damage is and what you did to mitigate the damage. 

Consider requiring them to move in with all new belongings and no current anything to further mitigate the bedbug risk.The certification will delay their move-in a few months which you can partially cover by requiring a higher rent from them to hold the property.

Every business faces a critical decision-making period when deciding whether to accept or go ahead with a business deal. This is where expert due diligence comes in, so as to avoid gambling away your business.
Expert...

Is the Property & Liability (Package or BOP) coverage being cancelled or just the Flood2. what were the dates, type of damage, and amounts paid on the claims3. what has been done to mitigate the chance of this happening again4.

I don't think anyone with Chicago knowledge is going to be able to tell you something that will help you mitigate the risks on this.

As some of the others said, it doesn't really matter where you buy as long as you have a good team in place, being closer just mitigates risk in the beginning.

Banks will see an operating agreement as mitigating risk for the company to have problems, and therefore less risky to loan money.

The way to mitigate this risk is by getting a permit to legalize the unit(which may be a bit more difficult) or duplex the unit with digging down the basement to be in compliance with zoning and building codes.