The overall goal of reform is to reduce the subsidies that FEMA is currently paying on high-risk properties.The flood maps are used as the baseline indicator for the risk on any property, basically saying how risky an area is.

I went to public auctions and he taught me the basic fundamentals of the business.My question is.

The partners I used basically had cash sitting in a savings account.

I found a house off searching tax liens, and the seller is an elderly person who has a relative helping to get the house sold before the lien redemption ends(this month)They refuse to do a contract, i even offered to make it just a week long, at least enough time to market the house, throw it on Craigslist whatever, as i know they have limited time.I think they are trying to work other angles, which i can appreciate, and they seem eager to sell( i got them down to $10k + i would have to pay the 4500 lien) Recent solds show about 32-45k comps, and my agent says the area(moreland ave) is a lot of investor activity.Today they told me "we'll do a contract once you have the funds ready, but we don't want to do all the contract paperwork, we just want cash upfront".I explained i work with investors and I can't market the place without having a contract, and i wouldn't want to knowing they can sell it from under me.Should i basically forget about it and move on?

If you can help them with the initial concept and get them excited, they will be more likely to call their accountant and decide whether to proceed.

We would like to get the zoning changed to make it a legal SFH and complete the interior conversion (basically making the 2nd unit living/dining into bedrooms)Does anybody know if I need an attorney or if I can just submit a zoning change request with the city?

@Brian Burke and @Aaron Junck - I have been devouring BiggerPockets, but I have yet to find these concepts explained - do you know where I could find more info?

Work hard and do well in school, develop your basic life skills and most of all HAVE FUN.

Basically anything I wanted, even if I didn't want some of those programs

I am interested in investing in “Assignment of Rents by Lessor” agreements.If you are unfamiliar with them, basically, I would be giving the property owner a discounted lump sum for the right to collect all the rent payments from a tenant.