If it's a home already on pier and beams this may not be a huge job...but if it's slab on grade probably not an option.Do nothing and pray it never floods (don't do this please).I am developing a property in a floodway, 100 year, and 500 year floodplain and am having to spend a lot more on engineering and site preparation to get plans approved with the City and de-risk the site's flood risk.  

I'm not saying they would lie about the comps, but there are factors they may overlook (example 5/3 house in the neighborhood sells for 500k but it is on a cul-de-sac and yours backs to apartments or is on a busier street) hope this helps. 

Lender also pays for insurance for loan term.Lending Territory:NJ, PA, Delaware, DC, MD, Virginia, SC, NC, IL, TX, NY (case by case), FL.

I have 2 properties in the area [a small one in the Mt Poconos area and a 3-BR with amenities in a community near Delaware water gap]. 

There was a similar non-mls property needing a refresh (paint, carpet, trim, etc) on the same cul-de-sac for $135k but the timing of buying before winter and concern of the prices falling was enough to deter walking through it. 

Originally posted by @Eamonn McElroy:@Mike S.Might be able to S179 personal property like computers, office furniture, etc if they're above the de minimis level for a flipping business if it scales to that level. 

They are 1.25% and 1.1% houses, even less after these crazy closing costs.Those are both houses I would live in, but of course I wont since they are investments...One on a cul-de-sac, the other on a private dead end street, and I am getting them for well below market and they need almost no repairs, but I will change kitchen cabinets and maybe do some bathroom tile myself to get a better tenant.Both in Sarasota in the same zip code, in one of the more decent neighborhoods where ladies aren't afraid to go jogging on the streets at any hour..These are both good deals, but I want a great deal already, lol.

Delaware and Chester counties release documents yearly that show what their "payment standards" will look like based on area code.

I'm in area that has a huge summer season (Lewes, Rehoboth, Dewey Beach DE). 

They combined 2 rowhouses into a single family home with an in-law in downtown Wilmington, DE.