At times they also limit debt levels.  

He probably is well aware of your experience level.

We do a lot of work in flood zones and from what I've heard regarding "stilts"(we call them pilings) is you're looking at 20-30k extra over a traditional slab with a crawl space....Most of our footings are within a couple feet of sea level so we've never needed pilings but if you're indeed that deep you defintiely can't pour a footing on top of muck.....The other concern is flood insurance - the lower your first floor elevation the higher the flood insurance - I'd imagine if your first floor is under 10' the insurance would be astronomical.....your best bet is to talk to an engineer, get a survey, and go from there.

That level of skill will likely come with more experience and tepetition.

s are flow-through-tax-entities, so they both have the same tax implications on the federal level.

In answering the question, knowing the level of house is helpful.  

At the very most, we will have to pour a thin layer of concrete, if the leveling is too out of place.Would you have any suggestions for investor friendly companies that sell A/C units at a decent price?

Jordan, you are an impressive young man and seem to have a level of maturity well beyond your years.  

While there are still some blue collar, lower wage earners sprinkled thorough these neighborhoods, this is a high to moderate income level community. 

He was the only blood relation and thus the judge ordered all assets to go to him.