If so and if you can keep the building in that non flood area, you will eliminate the Lending requirement for flood insurance.  

Furthermore, after you move out in 1-2 years and secure a tenant, you can essentially eliminate a property manager expense.

It eliminates many of the issues with BORSA, ROBS and Self-Directed IRA's that I have read about although you are limited to 50% or $50k (whichever is less) on the loan you can take out against it but it can be used for anything including REI without any restrictions.  

I've run it by friends who were the types of renters I hope to attract and they said the same: they instantly eliminate any listings without a washer-dryer.

I would contact an attorney to see what your options are.If the use was with permission, that would eliminate one element of a prescriptive easement… hostility.

If I do not hear back within two business days, I eliminate them from consideration.Below is a sample list of questions.

I always find that the main goal is to decrease/eliminate your housing expense so if it only doesn’t cashflow while you’re househacking I don’t think that’s the end of the world.  

You can't eliminate it (other than buying properties cash, which has it's own downsides).

I would choose real estate debt over bonds or other forms of debt because real estate floating-rate funds are easily obtainable and eliminate risk of rising interest rates in the future (unlike bonds where principle investment basis is lost if interest rates rise).

In fact once you make over $150k the allowance is eliminated entirely.Let me know if I am misunderstanding this or if there are ways around this.Kyle