@Sean Gallagher Yes you can buy more SFH, however diminishing returns start to set in.

There is so little inside a home that you cannot have repaired without permits or code upgrading.I would reconsider your desire to omit the garbage disposal because you don't want to deal with them anymore.Losing the disposal diminishes the value of the kitchen for one.

My concern is the current state of the market and how that diminishes the upside of the investment.

This not only exaggerates affordable housing scarcity, it increases costs for the remaining renters who are in greater competition for the diminished supply of housing.4.

This criteria meets the 1% rule, however, I am worried the flood insurance may diminish a lot of the positive cash flow.

This makes sense to me as there is diminished demand to be a landlord when Evictions for non-payment of rent have been in place for almost a year and will continue at least until sept 2021.  

They are notorious (as others mentioned) for taking forever to actually foreclose, while paying carry costs, having no income, people often living for free in the house, or having an empty house with the value of their collateral diminishing with every day that passes, and their loan amount increasing.

Of course, measuring that risk is the delicate task of a great investor.Finally, if you are worried about your CoC diminishing over time, you can always refi the property to return the leverage and restore the return. 

I'm in the house without a mask now and the musty smell has greatly diminished.

For buy-and-hold scenarios where cashflow is king, you should not simply take the higher rate and not question it.You should buy the rate down until it's right back where it was, or until you start to hit diminishing returns.Rates have gone up, while rate buydowns have actually gotten a little better for many scenarios.