It's a loan that's specifically for those affected by the disaster.

Without more specifics it's kind a hard to place an appropriate cap rate on the property

What is the cap rate for an older built about 80 years old building in downtown Seattle area, specifically Belltown/Queen Area area?  

@Rj Kro Its a hard question to evaluate without knowing a little more about the deal specifics.

@Whitney Hill - I would go with an "Option to Purchase", in Wisconsin that is a state contract.In a nutshell, it gives you the option (an exclusive right) to purchase a property for a specific price at a specific time.

If you need help, I wrote a book specifically on this niche and how to work with contractors.

Of course there is also insurance and taxes and maintenance (still well lower than the $1500 for stocks) but it is an asset that will appreciate (specifically where I buy) and if there is a crash I still get the rent.I do also invest in stocks using a method called Iron Condor on the S&P500 Index.

I have done a little research and most of the forum posts I could find on software specific to flipping/rehabbing were out of date.

While we should all certainly discuss important developments,  no one here should suggest that anyone, or any company, is not "legit" unless they have specific proof.

Start by reviewing IRS’ News Release for the specific disaster, which is available online in the IRS Newsroom.