With the new elevation certificate requirements these companies are becoming more attractive to homeowners and landlords.I think what you are referring to is the rates and coverage offered by different companies that offer flood insurance through the NFIP.

What is it about Texas that attracts you over other markets?

If you can do the re-fi on those terms, then yes, $300/mo. cash flow on a -$2000 investment looks attractive.

With Hot markets like these, strong deals attract strong buyers.

This makes the investment far less attractive than I originally thought.

What would make this attractive for an investor?

The more I investigate this property, the less attractive it becomes.

I will base the rest of this comment with that assumption.I agree with you that if a seller is selling a home and she has not sold it yet either the price or terms are not attractive or she is not advertising the home correctly.

With the floor layout like the one you have and the level of neighborhood you are dealing with you will be attracting some low level tenants.

I've slowly been researching how to get started in this business that frankly I have no prior experience in whatsoever and after weeks of reading articles and listening to podcasts I realized that there is only so much value I can get from that information without actually getting out there and experiencing it so I decided I have to get started.So far I have registered with iFlip and got my squeeze pages set up allowing me to build my buyers list and I'm working on sending out my first batch of yellow letters to attract motivated sellers.