Trying to set up some self-imposed 'trading rules' for myself as far as flooded properties go -- to what extent, in what areas, I will play in that segment -- but that is a whole other topic, though, isn't it.So there you go, another new guy in HoustonMark

As along as I meet the 2 of 5 rule.  

Rule of thumb is that it is who you know then what you know.

I'll PM you, so as not to run afoul of the rules of the forum, but here's a quick look at the state of the market in Plymouth County.  

You will find plenty of great post in this forum already on the subject.As a general rule, but your specific case may need different answers:- You would need to have the LLC in the same state than the property.

I can't rent it while financed (VA rules) and it's not suitable for house hacking. 

You need to follow all rules so you don't pierce the corporate veil at which point an LLC won’t provide the liability protection you are looking for.

@Cole Hagen my feedback would be: 1) don't commit income tax fraud by purposefully under-reporting your income, I may be wrong, but I'm pretty sure the IRS rule is that other/misc. income in excess of $600 must be reported, and 2) if you ignore 1) and do chose to not report it, it's probably not a great idea to post about the fact that you're considering doing so on a site where you have your full name posted, how easy would it be for a Google search to turn that info up or for someone to report you to the IRS based on this post?

I have read the zoning rules, but cannot find anything dealing with this.

When people mention the "1% rule" you usually want to consider 1.2-1.3% as a better rule of thumb before you dig into numbers on a specific property in Allegheny County (IN case you don't know what I'm talking about: https://www.biggerpockets.com/blogs/7325/46689-the...)The taxes are higher than most areas.