It is listed with another agent and he has been sitting on it for a while and is willing to negotiate on the price.

Also, what happens if they sit by an open window and smoke?

I am interested in, however it's current flood zone status is what is holding me back and probably plenty of other people back as well..Just curious has anyone ever gone throught FEMA for a LOMA (Letter of map amendment) This entails getting a elevation certificate as well to see the lowest point of the property in relation to base flood elevation.Property sits in an AE zone but the line for the X zone (low to moderate risk) runs directly down property line so it is on border.

Recently discharged and sitting around the house unable to work.  

I owned rentals for years, too much hassle for me to really grow, notes means no toilets to fix or cleaning units or ongoing maintenance, just sit at my desk on the phone.I didn't "make real money" holding notes, but in moving them through and refinancing them.

Currently the property value sits around $270K.

Sitting on the last corner is a large grouping of lots.

I would just be concerned with how long I would sit on it if I were to sell it and also how much it appreciates.

Ask to talk to somebody in the commercial lending department and sit down and explain what you're looking to do.  

They sometimes sit on these a bit so you may have a chance.Good Luck