If you are really concerned about something bring out your contractor or other pro to have a look.

What other red lights should I be concerned about beside the standard DD requirements to purchase any PN?

I would like to be able to answer his concerns and I have some idea how but I would like for some of you to help me help him and help me.

I've been investing for a while and have really never been concerned with the implications of taxes due on sale.  

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.

Many real estates specialists totally neglect to perceive the prevalent advantages that accompany owning area in its raw structure.

If a tenant wants title coverage for a lease-hold interest, they buy it, generally not done, except in a long term lease where a tenant may have such concerns. 

The time and skills issue really does not concern the business itself, other than who is going to run/manage the business.

Hi Vince,It seems like you have done your math... are you unsure of taking the deal because you are concerned that it will not rent without a garage?

I'm sure I can get at least a few under contract  however, I'm concerned about buyers.