They are based in Bloomington and have done a ton of work on rentals in the AV and MSP areas.

There are a few benefits to having to buy flood insurance if your property is in the higher risk flood zone as identified by a flood map usually identities with an "A" or a "V" first benefit is that communities are incentivized to do flood mitigation which could save areas from flooding, second is that property owners are not risking a flood risk exposure by not having insurance to cover the gap.

I started out in AV bought a ton in 2009-2013 and since sold most and 1031 them into a nice building in OC.

@Eric MillerThe IRS does not care about the loan product that you have.The IRS just wants you to properly classify mortgage interest as a Personal Residence mortgage interest (Schedule A) vs Rental Property Mortgage interest(Schedule E).Best of luck! 

I'm just really apprehensive about most areas of the AV due to high crime and real poor scoring schools.

So it really meant something when you had an AV or BV rating. 

That makes a lot of sense, referring to the experience that one would get managing Class A vs B and C.

They gave us 65,000 on our HELOC 90% of our AV.

Purchase price: $142,000 Cash invested: $62,000 Our first "Buy and Hold", Bream Av was a clean, but severely outdated STR.

Occupancy (%)42%36%30%45%48%46%39%50%Av.