They live the furthest from the property and will be their first investment deal.

I live here and am a Realtor in Baldwin County.

And others have pointed out that building in flood zones can be much more expensive with special permits, requirements like living area starting above base flood elevation, probably more than the $25K difference in the lot that's not in a flood zone.  

Hi BP Family,I live in California and am about to start investing out of state.

They live in another state and I dont know exactly where they went and the internet is super confusing on who is legit.

I forgot to add, we live in South Texas (McAllen in the RIo Grande Valley).

Your real estate attorney can assist in drafting it, but the buyer can pay the taxes and insurance and have rights to the property, but if they don't pay, it will make it easier to recoup the collateral.

I have lived on the west coast of Florida for a total of 15 yrs.

You shouldn't have an issue putting a lease in front of them to renew if they want to continue living at the property.

I grew up just north of San Francisco and moved to Reno, NV to live and invest.