This new rating system changed how FEMA determines flood premiums for the NFIP. - Phase 1 (October 1, 2021)Applied to new policies or existing policies that opted for early renewal under Risk Rating 2.0.- Phase 2 (April 1, 2022)Applied to all remaining existing policies, transitioning them to the Risk Rating 2.0 methodology upon renewal.The new system replaced the decades-old approach to calculating flood insurance premiums, aiming to provide fairer and more accurate rates based on individual property risk.Before Risk Rating 2.0, flood insurance premiums were mainly based on whether a property was inside or outside a designated flood zone and its elevation on a map. 

Value is based on each individual and they will need to determine if they think there is any value.

To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!

A good question to ask yourself when determining what needs repaired would be: "Does this item affect the health and safety or habitability of the unit?

Cost was not as much a determining factor.  

To move forward, determine whether you prefer local or out-of-state investing, cash flow or appreciation, and self-management or hiring a property manager.Good luck!

It also allows you to determine how fast you want to pay back the loan.

Consult with an account representative at PadSplit to assess comparables and determine bedroom rental rates. 

Your job is to determine if under the hood of these packages is it is underwrote properly and with a good sponsor.

Upon searching the popular areas my graduate friends suggested (Uptown, The Village, Greenville), I have determined there is no way I can justify renting a property in that range.Funny enough, I am currently living out of a 2 bedroom condo north of Dallas (short term air bnb) for my internship with one of my college friends (we split rent).