Any body have experience with this situation?

It impacts everything you try to do from getting any loan, credit to a living residence.

Expecially when I am trying to achieve a certain $$/month with my portfolio in order to live just from it (financial freedom)I understand that if I would resell single family house , value would me minimally impacted by CAP rate...

I'm also leaning towards not putting it in bathrooms unless it is 10mm or better and good quality.As for the impact on the environment, I think we may be screwed either way as long as we are relying on fossil fuels for our energy needs.

Does this impact their tax abatement policy?  

I realize that the property being in a flood plane will have a negative impact on the market value but it still seems like there would be room for profit if I were to wholesale it given the surrounding houses value in the area.

I'm curious what others on the BP community think about how this will impact the future of real estate!

But if there's a 20% correction but interest rates are at 7%, how does that impact you?

I have no debt, no loans, fully paid off car, and don't have any major expenses that can drastically impact this endeavor.I'm mostly interested in using the equity of the home to purchase other properties and further expand my portfolio of properties.

The only way to remove an area from the floodplain is to raise the level above the base flood elevation similar to what @Dave Dagostino was referring to (don't even think about adding fill to the yard, that requires a 404 permit and impacts the flood plain by creating a dam impacting your neighbors).