Depending on the jurisdiction, some will allow, and some will not allow, development in the flood fringe as long as you can demonstrate that the development does not raise the BFE (no rise) or possibly some other criteria, again jurisdiction specific.

@Phillip Rosin - Based on the info you provided, I recommend that you start with a Fix to Rent short term loan to purchase the property and rehab it, followed by a cash out refinance into our DSCR loan.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I see these four rentals providing us a regular stream of income during retirement. 

So, if you already have substantial sized company...what is your current bank providing you?  

Different requirements depending on the DSCR lender being used.

Like painting the old kitchen cabinets vs replacing them, or providing them with a small refrigerator instead of a decent standard size one.

That depends - how old is the septic system, is it still in working order and pass title 5 inspection?

If you want to remote investment and / or turnkey, be sure you vet your providers and management companies thoroughly.

I am going to throw in, as well, my story of experience with Clayton Morris of Morris Invest and Oceanpointe...with an "e".I am a fellow investor that trusted Clayton Morris to build a house for me and depended on the cash flow represented by his pod-cast.