I would say you have to have a Mitigation and Contingency plan for this risk.Risk: appraisal comes in lower than expectedMitigation: (how you minimize the risk)1.

With such a large down payment, your risk is minimal.  

If it is only for 1-3 years then everything else is pure profit with minimal ongoing maintenance then sure. 

Hello Hersh...as Chad and others have mentioned, not minimizing the "flood" risks, but natural disasters are prone to happen anywhere.  

There will be no charge and nothing pitched. 

I am currently looking at purchasing multiple properties from the same seller; was wondering if anyone had ideas on creative financing with minimal down.

Jason,  Their pitch was pretty much claiming to be able to eliminate brokers in an effort to save on commissions.  

I understand I have minimal capital at my age, but I'm looking to turn ex. a $350,000 loan into $500,000 house. $150,000 profit, I know the market niche, and I think there is great opportunity here.

On the surface the idea of over-leveraging scares me a bit but then again holding long term should minimize that fear somewhat.  

The goal of the landscaping of an investment property to me is to have a good curb appeal while minimizing maintenance especially for multi family properties.