My 'elevator speech' goes something like "We and our partners invest in and provide high quality rentals in the Sauk County area as long term investments".

The town will require elevating them, and costly zoning requirements in order to leave them as a duplex.

Another good idea is to have an engineer complete an elevation report (paid by current owner if able) that will serve as a baseline when you want/need to sell down the road.  

Flood zone - this also affects where you can build or if the house would need to be elevated, etc.

Row housing and garden style housing will be very popular with renters leaving the apartments and elevators behind.

If we can replicate with another duplex, we can then buy a house and if anything were to happen we'd be able to cover our mortgage with just a few hundred dollars once we apply the cash flow from our properties.To actually answer the question: We still saw strong demand for our rental (My thought is I know I wouldn't want to be renting in a big building with elevators and communal spaces/highhuman traffic, especially if I had to frequently take a dog out).

The math certainly works out but it doesn’t include the elevated risks, subdivision process , etc, so I’m wondering if any experienced developers or investors have feedback or guidance they’d be willing to share.

If it is a condo, then it either needs to be a 1st floor unit or have an elevator; for a SFH, a 1 story home would be preferred.Any general advice about the area, pricing or this situation would be appreciated. 

You will be surrounded by people who will elevate you 

Lumber prices are still elevated, but 14k for 5 floor joists??