Todd,There are several non-NFIP (National Flood Insurance program from FEMA) flood insurance providers out there now.  

Well, I'm finally figuring out that being a nice guy is costing me several hundred dollars a month!

The fact that she refused to let the inspector in several times tells you all you need to know. 

I own several homes that have flooded multiple times and my most expensive policy is $1100. 

Have your downpayment or cash ready to roll and when the right one goes on the market, underwrite it severely fast and make a move.

I manage several properties for investors out of CA.

I've been able to get several houses pushing $500k with different kinds of creative financing - not requiring any of my own money invested.  

Questions I have is if it makes sense from an ROI standpoint, as my several pro forma calculators don't really factor in these 'family' variables with what my Dad is proposing:Here's the scenario: Purchase duplex of $350k - $400k.

@Brandon Swartwood There are several methods to calculate the property value.

We have a higher end rental in this area (albeit unfurnished) and I have seen my property management company advertise several high end furnished homes on their site (5-7k/month range), with some listed as short term winter rentals.