It's a natural behaviour if you want to win, to achieve.

However, when you look at the breakdown of the jobs that have been lost, the majority was in the service industry and have been temporary in nature.

I am sure you all can understand that getting fema to remove the property from a map doen't make mother nature say "oh we have to skip flooding that property because FEMA said it was not at risk".

Will not including this form NATURAL HAZARD DISCLOSURE STATEMENT accidentally cancel a purchase agreement contract?

It seems this is a natural first step for most inexperienced investors. 

When you have a lot of people bidding on the same thing and there's emotions involved, the prices naturally bid up so the appreciation of SFR nets you additional equity over time.   

In my opinion, this matches the nature of investment - there are risks and rewards and investors are meant to weather one and reap the other.

Owning rental property comes with lots of natural risk.

In this example, you wouldn't have any equity...but you'd have the continued cash flow, returned capital when the deal is done and refinanced, and the passive nature.

@Shera Gregory  Please consult with your CPA on a matter of this nature to ensure you get things right for your specific case.