It worked like this: the student found a deal and did initial due diligence.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊https://www.biggerpockets.com/member-blogs/3094/91097-why-you-should-screen-a-pm-company-like-you-screen-for-tenantshttps://www.biggerpockets.com/member-blogs/3094/91878-how-to-screen-a-pmc-better-than-a-tenant-part-2-communication-and-documhttps://www.biggerpockets.com/member-blogs/3094/91879-how-to-screen-a-pmc-better-than-a-tenant-part-3-the-management-contr

.- Property Class will affect location, tenants, maintenance, vacancy, etc.2) Not doing enough of their own due diligence when buying a property. - Trusting agents & PMCs too much!

Like any financing strategy, due diligence and proper financial planning are key to making it a successful solution for both parties. 

Anyway, please feel free to do your own due diligence but it looks like we all got got.

I would get an opinion and recent comps in Flood Zone a from a few different agents to make sure you are doing your due diligence on the resale market in that flood zone, especially with the recent hurricanes 

We perform a Due Diligence Report that spells out all major items that could affect the project success. 

Be sure to do your due diligence!

You will want to do your due diligence in all of these areas and understand what those differences are. 

You ALWAYS need to do your own due diligence and even MLS listed properties may look like a deal on the listing but when you analyze them deeply they are not. 4.