In our lease, we require the tenant to maintain utilities in their name as applicable.

I’m planning on maintaining the existing setbacks & building footprint so the structure will still be partially over the water thus complicating the raise & new foundation build.

So yes, typically you will need all plans signed off on by a P.E.The third common component is a study showing that the additional fill placed in the flood zone by your planned building will not significantly decrease the water holding volume of the floodplain (in addition with other permitted or built fills in the same basin).

I never studied how this works cause I’m new to investing and viewed this as an advanced strategy.Theoretically, how do I run numbers on this type of project?  

This is going to always be a work in progress, as I’m trying to overcome 28 years of living a life thinking I’m the most important person in my life. 2) Put routines and systems in place that keep us on track for our goals, and correct us when we start veering off. 3) For the first time in my life Scripture study and prayer is a habit.4) Spent more time with family in the last 10 months than I probably have in the last 10 years combined. 5) Grew our rental portfolio from 1 property to now 8 properties.

It would be good to study up on the free syndication materials out there just to start building your understanding before you move forward with doing a particular deal.

Wholesale deal, Owner asking 49k, long term tenant since 2014 who helps maintain property.

First, I'd recommend studying the market you want to go with, then find someone that knows the area and can connect you with the team you need.

My advice would be to study the art of finding quality, off market deals.

We could not legally allow the two parcels to share one water well and share the costs to operate and maintain the well because we are not a legal authorized water purveyor.In my area, the cost for water for each unit is about $50 per month, or $600 per year.