If it still looks good and and it gets released then move forward in you process.  

In the event the cost of restoration exceeds 1.5 percent of the purchase price, the buyer has the option of taking the property "as is" together with the 1.5 percent, or the buyer can receive his or her deposit back, and all parties are released from the contract."

Am I being over ambitious and over extending myself.

It will help everyone on the BP forums.Here is one FEMA link that speaks to it to a certain extent.https://www.fema.gov/news-release/2013/01/29/eleva...Here is the FEMA link for the grant program.https://www.fema.gov/flood-mitigation-assistance-g...Maybe there are others I am missing.  

At a glance I think you may be overestimating the cash flow.In this price range I recommend $100 for maintenance, $125 for capex, 10% annual vacancy/make ready, 5% annual releasing fee.  

Hey Everyone,My name is Jake and I'm a 27 year old civil engineer here in sunny San Diego, CA.I moved here from Cincinnati, OH in late 2012 (parents/extended family still live there) for a job opportunity and have managed to save about 50k which is unfortunately not nearly enough for a down payment in SD. 

Really, anyone making a mailer might use Word, Publisher, some graphics / drawing program, ...It really depends what you know how to use, what you have on your PC / tablet, etc., ...David J Dachtera"Success is not a destination.

In Loudoun County, VA, I've seen new home permits get released in just a matter of weeks.I believe the the quality of the permit drawings goes a long way to keeping the permit process to a minimum and that a plan expediter may be helpful if the process in your area is laborious. 

(so he feels he got something out of this mess and is motivated to get out quickly and not cause any further damage) I would release him from any additional costs associated with floor replacement above and beyond his security deposit amount.

If everything looks good in the rental and their account history is good, we renew them or extend them.I've been using this system for about two years.