The overall goal of reform is to reduce the subsidies that FEMA is currently paying on high-risk properties.The flood maps are used as the baseline indicator for the risk on any property, basically saying how risky an area is.

Joe Gore Short Sales hurt credit - FICO.See http://www.myfico.com/crediteducation/questions/foreclosure-alternatives-fico-score.aspxIt is a foreclosure.It hurts your reputation and you have to sign on Govt employment apps you have been through a foreclosure.IRS You may owe money to the IRS http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-To avoid a short sale,-rent the property out,-sell on sub2,-sell on lease option,sometimes better than short sale.

Any individual, corporation, partnership, trust, joint venture, or other entity which sells, exchanges, or leases its own real property;What I don't see in the FL real estate brokerage code as an exemption is if a layperson can buy their own real property.

In order to file, you will need to appoint a registered agent which can be any individual or business entity that agrees to accept legal paper's on the LLC's behalf if it is sued.

Playing up the fast and easy aspects are the only real play you have.Did this particular person indicate that these friends and family live in the same area?

I've seen more and more of these where the listing indicates it's a short sale and the minimum offer must be the list price.

Individual repairs, rents collected and other expenses were charged against the ‘unit’ that occurred the expense.Property 1: Unit 1 – Cashflow ROI = 15.42%Property 1: Unit 2 – Cashflow ROI = 13.08%Property 2: Unit 1 – Cashflow ROI = 21.80%Property 2: Unit 2 – Cashflow ROI = 3.56%Property 1 I acquired in 2011 and took care of some maintenance as necessary early on, so I’m glad to see they both performed consistently this year.

Sorry to tell y'all, fraud is not exclusive to any location or individual.

I took the first step yesterday by creating a LLC.I'm here on BiggerPockets looking to chat, meet, and network with like-minded individuals or experienced investors.

If you truly are concerned you need to get the individual units isolated like @Steve Babiak said BEFORE it warms up or you will have water damage to deal with on top of damaged pipes.