It is imperative that we continue to work directly with you on behalf of the new Investor.

@Richard Swift A good place to start is continuing to educate with more books/ podcasts.

It would also be a space I would live in short term, probably two years and move out of and continue to rent. 

I'm in the process of writing my goals down, but I definitely want to start with a multi-family house hack as my first investment and continue with multi-family investing as I continue.

I'm not sure if Indiana offers a non-NFIP insurance option or not but if they are like Ohio than NFIP is your only option... however not all agents understand how NFIP works or how to give you coverage options.If your main goal is checking the box for flood insurance at the lowest possible cost I would suggest asking the bank what is the least amount of coverage  and what is the maximum deductible they will accept - then get an agent to quote it that way.I'm NOT saying this is a good idea to insure your property this way - you really need to investigate the risk and talk with your agent on what your level of risk tolerance is.Many agents will try and quote it at the full reconstruction cost amount like it's an owner occupied property.

I agreed and she has been on a M2M lease for the past 13 months.I continue to notice very similar SFRs in my community pop up on Zillow for rent well above $2,300.

But this is more evidence that continuous work by Army Corps of Engineers and Harris County Flood Plain management, and who-knows-what other agencies, is having some impact. 

:-) Let the search continue...........!

While a lease is for a set period, the lease would continue on a month to month basis unless either party gives at least 30 days notice to terminate, modify ore renew.

They have been extremely happy with the ROI and they continue to buy more.