All you can count on from the flood zone designation is whether a lender will require you to have flood insurance.  

Keep in mind that this doesn't count my time, and I and my husband do a lot of the work ourselves.What helps me calculate ARV is having my real estate license. 

Count me in @Anand S.

Trying to get lender to approve this as a 4 unit to take advantage of the conventional residential loan, however the lender counts the basement as a unit and that makes this a 5 unit commercial loan scenario.

Trying to put my remodel budget $$$ where it counts the most and this seems like an area I can save a little money in.

So if that is increasing your costs, I'm afraid that's unavoidable.On average, an Umbrella that goes over your Home, Auto and 3-10 rental units runs about range of $300-$400 for $1M.A few other comments,1) There are Umbrella options that do not count Property claims against you. 

Anybody who wants to connect or has any advice I am all ears and listening, I cannot wait to see where this journey takes me and although I know it will be challenging I know I can count on Bigger Pockets to point me in the right direction and lead me to success!

It counts as a pay off and essentially you could have free money for a certain period of time. 

Chain link can be defeated with a small $5 pair of bolt cutters, in less than 30 seconds you can clip an opening large enough to drive a car through.Cameras are a nice placebo, but they can be defeated just by wearing a hoodie or facemask.

@Cornell Clark  I believe by Fannie Mae/ Freddie Mac standards gifts do not count as usable funds.So you have two options if you're not buying the property with all cash:You're either going to have to let them season for a month or two so that your bank statements don't show the deposit, or find a lender that does not repackage and resell their mortgage loans since they can be flexible on their terms.