If it's just "leaking somewhere" in the building, someone will need to identify exactly where the leak is (no, not with a lighted match).

This is especially true if you're going the traditional buy&hold, flip or BRRRR route.

Due to the floods, the water heaters' pilot lights went out and I had to send a repairman over to relight.  

That said all this means is someone has to use a match to light it VS a more modern push button or switch. 

Recently I have been reviewing pricing of assets and I see many sellers pricing a CFD the same as a traditional mortgage and note.

Welcome to the light, @David Smith! 

unless you have a change in circumstance -meaning a need to move due to closer to work, bigger home for family, closer to school, privacy to a SFR 1 unit.Unless you own a home and buy the home as a second home going traditional and you can rent it out right away as an STR/AIRBNB. 

I have used traditional Freddy/Fanny as well as commercial Loans for all of them. 

Small scale compared to traditional big box facilities. 

The flood from hurricane ida took both pilot lights out along with my roof beginning to leak.