That would remove any lender mandate forcing you to purchase flood, and then you could decided if you think flood insurance is necessary or not.If the structure sits above the FEMA defined flood level, then the building qualifies for removal.  

What defines building materials is why I say it's subjective.

I define arbitragers as those who just lease someone else's property and then sublet for STR.

One of the main items that falls to you as the buyer is to hire a home inspector, and complete any inspections and negotiations within the inspection contingency or due diligence period defined by the contract. 

You definately don’t want your broker being asked why one of their agents has but in 5-10 offers and backed out on some/most/all of them.

Lastly, a loss under a lender's policy is defined and calculated differently than a loss under an Owner's policy. 

It's a category defined by the SEC.

One has to do with clearly defining your goal(s), your plan to get there, and the amount of risk you’re willing to take.  

I will sent you up on very defined search/alert and when a property perks your interest I will dig into for you.  

There aren't clear guidelines as to what defines "reasonable salary" but working directly with an advisor can ensure you have the protection you need