I have one unit where my flood insurance has more than doubled due to the new rules, and the frustrating part is the new preliminary maps they put out over 2 years ago show it as not even being in flood zone any more, but it's going on the 3rd year of not becoming an effective map, so I'm stuck paying rising flood insurance premiums until they say it's the new effective map.   

Some guys use CMBS effectively but I have always found better options.I regularly use options 1-3 depending on the deal as our strategy is similar: purchase, add value and reposition, and then pull out cash to return to our investors.Andrew

What is the most cost effective way to get this done?

It takes a while but is an effective way to learn the market and find deals.

In deciding whether to buy a big multifamily property or not, does the fact that there has been a couple of shootings over a couple of years in the complex play a big role? What about reports of sewage flooding apartm...

I am a man of my word and I know the importance and effect of hard work and dedication.

@Tony Zheng - The 3 most important aspects to an effective direct mail campaign are 1) A quality lead list, 2) A quality mailpiece that gets you to stand out. 3) Follow up/Consistency.1) For a quality lead list, you want to spend time finding niche lists (DFD, tax liens, code violations, etc.).  

Typically, an elderly homeowner effectively takes equity out of his or her house without having to make mortgage payments.

So effectively, USAA writes my umbrella policy, when it otherwise wouldn’t.Why don't I want USAA to cover my investment properties?

If you are showing and finding the prospective tenant and they are just assisting with paperwork, it might be cost effective.